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Candente Copper ( (TSE:ATCU) ) just unveiled an announcement.
Alta Copper Corp., a company involved in copper mining, has entered into a definitive agreement with Fortescue Ltd, whereby Fortescue will acquire all remaining shares of Alta Copper for C$1.40 per share. This acquisition values Alta Copper at approximately C$138.8 million and offers a significant premium over its recent trading prices. The transaction provides Alta Copper shareholders with immediate liquidity and avoids the risks and costs associated with independently advancing the Cañariaco copper project in Peru.
More about Candente Copper
Average Trading Volume: 54,565
Technical Sentiment Signal: Buy
Current Market Cap: C$114.8M
See more data about ATCU stock on TipRanks’ Stock Analysis page.