Firestone Energy Tells Shareholders to Reject Range River’s Renewed Offer

Mining Weekly reported that Firestone Energy is continuing to urge its shareholders to reject Range River’s hostile takeover offer, despite their renewed offer.

As quoted in the market report:

The company noted that the new offer did not offer compensation for the strategic nature and inherent value of Firestone’s assets, and would dilute the company’s shareholding and effective ownership in their assets.

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