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
Tintri Inc. will reportedly not hold its initial public offering on Thursday as planned, with the enterprise cloud platform company changing its decision at the last minute. According to media reports, Tintri simply said that plans for its listing on Thursday "has changed," without providing any further details or reasons for the decision. Amazon.com Inc. will celebrate its third annual Prime Day, its biggest sales event of the year, on Tuesday, July 11. This year, Prime Day will start earlier at 6 pm PT/ 9 pm ET on Monday, July 10. This will give Prime members 30 hours to shop, instead of 24 hours. New deals will be as often as every five minutes, according to the company. Shares of Fred's Inc. tumbled more than 20 percent in pre-market trades Thursday after the company's agreement with Walgreens Boots Alliance Inc. and Rite Aid Corp. to purchase 865 stores was terminated. The termination of the deal comes after Rite Aid and Walgreens Boots said they have mutually agreed to terminate their previous agreement under which Walgreens was to acquire Rite Aid.
comments powered by Disqus
Follow RTT