logo
Plus   Neg
Share
Email

Centamin Advises Shareholders To Take No Action On Possible Offer By Endeavour

Responding to the announcement made by Endeavour Mining Corp., the Board of Centamin plc (CELTF.PK,CEY.L,CEE.TO), said it has reviewed the proposal with its financial and legal advisers and believes that the terms of the proposal provide comparatively greater benefit to Endeavour's shareholders, and do not adequately reflect the contribution that Centamin would make to the merged entity. Therefore, the Board has unanimously rejected the proposal.

The Board of Centamin plc strongly advised its shareholders to take no action in respect of the proposal.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The media mogul and Billionaire Sumner Redstone passed away on Tuesday at the age of 97, his family's holding company National Amusements said in a statement on Wednesday. He was Chairman Emeritus of ViacomCBS and chief executive officer of National Amusements. Customers in the U.S. are preferring digital or touchless payment methods due to concerns arising from the COVID-19 pandemic, a survey said. According to the survey by Rapyd Financial Network, the coronavirus pandemic has raised health and safety concerns around using cash and coins, and is accelerating the pre-existing trend toward digital transactions. American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities.
Follow RTT