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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
