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Zazu Metals Corporation (TSX:ZAZ) has approved the adoption of a shareholder right plan, to provide both shareholders and the Board sufficient time to adequately consider a take-over bid.
Zazu Metals Corporation (TSX:ZAZ) has approved the adoption of a shareholder right plan, to provide both shareholders and the Board sufficient time to adequately consider a take-over bid.
As quoted in the press release:
The purpose of the Plan, dated May 13, 2013, is to provide both shareholders and the Board sufficient time to adequately consider a take-over bid and to allow for competing and alternative proposals to emerge during the period between the announcement of the proposed take-over bid and the end of the period of review allowed within the Plan.
Click here to read the Zazu Metals Corporation (TSX:ZAZ) press release
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