Sino Vanadium Management to Take Company Private

Reuters reported that the management of Sino Vanadium (TSXV:SVX) is bidding to take over the company.

As quoted in the market news:

The takeover bid, which is being backed by Sino Vanadium’s board, offers 27 Canadian cents in cash for each share tendered toward the offer. That is more than triple the stock’s closing price on Thursday of 7.5 Canadian cents.

Click here to read the full Reuters report.