Siren Gold Ltd (AU:SNG) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Siren Gold Ltd has declined a revised merger proposal from Federation Mining, citing insufficient value for its projects and significant transaction risks. The proposal involved an all-scrip acquisition of Federation by Siren and included conditions like terminating a deal with Rua Gold Corp Inc. Siren’s board found the non-binding and highly conditional proposal unacceptable, prioritizing shareholder interests and existing agreements.
For further insights into AU:SNG stock, check out TipRanks’ Stock Analysis page.