Private equity group looking to challenge Baffinland shareholder rights plan

The Winnipeg Free Press.com reports that Nunavut Iron Ore Acquisition Inc. is seeking to challenge Baffinland’s (TSX:BIM) shareholder rights plan.

The story is quoted as saying:

Nunavut, which is asking the Ontario Securities Commission for an urgent hearing to cease trade the shareholder rights plan, held about a nine per cent stake in the company as of last week

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