Sierra Metals (TSE:SMT) has released an update.
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Sierra Metals has introduced a shareholder rights plan to ensure fair treatment for all shareholders during take-over bids, safeguarding against ‘creeping bids.’ The plan allows shareholders to purchase additional shares at a discount if certain conditions are met, though it requires approval from shareholders and the Toronto Stock Exchange.
For further insights into TSE:SMT stock, check out TipRanks’ Stock Analysis page.
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