Aurizon Shareholders Urged to Reject $780M Acquisition Bid
The Board of Directors of Val-d'Or, Québec-based Aurizon Mines Ltd. has urged shareholders to reject a C$780 million acquisition bid by Alamos Gold, Inc., announced earlier in January. The unsolicited takeover offer, which was described by Aurizon directors as "financially inadequate and opportunistic," will remain open until February 19, 2013. Aurizon is a gold producer focused on developing existing projects in the Abitibi region of north-western Québec. The company has in past received investments from the Fonds de solidarité des travailleurs du Québec (FTQ).
31 January 2013•7 mins read
