Sierra Metals: The Hostile Takeover Attempt

Amid all the tariff hubbub on Wednesday, a separate story was quietly brewing for a copper and gold producer focused on Peru. 

Sierra Metals (TSX: SMT), whom operates two copper-dominated mines, saw a renewed attempt at a hostile takeover that began back in December. Except this time, shareholders were offered a substantial 44% premium to the prior sessions closing price on the equity.

And quite frankly, the deal seems to be pretty enticing to a casual market observer who has no skin in the game. But Sierra seems to think otherwise.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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