logo
Share SHARE
FONT-SIZE Plus   Neg

Jaguar Mining Says It Is Not Aware Of Any Developments - Quick Facts

Responding to recent market speculation and increased trading volume in its shares, Jaguar Mining Inc. (JAG,JAG.TO) said that it is not aware of any developments that would merit such trading activity.

The company said that the strategic review process initiated by the Board of Directors and led by the Special Committee is continuing and the Board will provide further updates to shareholders as circumstances warrant. There can be no assurance that this strategic review process will result in Jaguar entering into or consummating any change of control or merger transaction, the company said.

The Concord, New Hampshire-headquartered company had initiated a strategic review process on November 16, 2011.

On November 17 2011, the company had confirmed that it had received takeover proposals in the prior weeks.

JAG closed Wednesday's regular trading at $3.54, down $1.07 or 23.21%. However, in the after-hours trading, the stock is up $0.04 or 1.13%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT