Post by
thorgb1 on Jun 07, 2016 9:42am
Bloomberg....
Reservoir’s Holders Asked to Vote No on Nevsun Bid: Laurentian
2016-06-07 12:54:26.670 GMT
By Aoyon Ashraf
(Bloomberg) -- Reservoir Mineral’s holders are encouraged by a dissident group to vote “No” on potential acquisition by Nevsun, Laurentian analyst Pierre Vaillancourt writes.
* Says Group is making the case that deal favors NSU CN at
expense of RMC CN’s holders; dissident group is supported by
XGC Copper, who has submitted unsolicited term sheet to RMC
CN, subject to voting “No” to NSU CN
* Vaillancourt sees RMC CN’s holders voting for NSU CN deal,
although moves rating to hold vs tender as the group has
made gains in winning over undecided RMC CN’s holders
* NOTE: Special meeting of holders to be held on June 17 to
vote on deal; deal expected to close on or about June 23,
2016
* NOTE: June 3, RMC CN said ISS, Glass Lewis Recommend that
Shareholders Vote for Business Combination with Nevsun
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