Greenfire Defends Shareholder Plan Amid Acquisition Attempt

Greenfire Resources (GFR) has released an update.

Greenfire Resources Ltd., an energy company from Calgary, is set to defend its shareholder rights plan against a challenge led by a group of shareholders aiming to acquire a significant stake in the company. The plan was adopted after the potential acquisition was revealed, aiming to protect shareholder interests and allow the board to consider alternative strategies to enhance value. The company asserts that the proposed acquisition undervalues its shares and disrupts its strategic review process.

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