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.
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