Polymet shares are trading higher after the company announced Glencore made a non-binding proposal to acquire the company for $2.11 per share.
Portfolio Pulse from Benzinga Newsdesk
Polymet Mining Corp. announced that Glencore has made a non-binding proposal to acquire the company for $2.11 per share. This has led to a rise in Polymet's share price.
July 03, 2023 | 12:34 pm
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Polymet's shares are trading higher following the announcement of Glencore's non-binding acquisition proposal.
The announcement of a potential acquisition usually leads to a rise in the stock price of the company being acquired. In this case, Glencore's proposal to acquire Polymet has led to an increase in Polymet's share price.
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