Silvercorp Metals Secures Crucial Merger Clearance From Tanzanian FCC For OreCorp Takeover
Portfolio Pulse from Benzinga Newsdesk
Silvercorp Metals has received unconditional approval from the Tanzanian FCC for its takeover of OreCorp. An independent expert appointed by OreCorp deemed the Silvercorp offer fair and reasonable, in the absence of a superior proposal. All OreCorp directors have accepted the Silvercorp offer.
February 02, 2024 | 7:02 am
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Silvercorp Metals has secured unconditional approval from the Tanzanian FCC for its takeover of OreCorp, with the deal being deemed fair and reasonable by an independent expert.
The unconditional approval from the Tanzanian FCC for Silvercorp Metals' takeover of OreCorp is a significant step forward in the acquisition process. The endorsement by an independent expert and the acceptance of the offer by all OreCorp directors further solidify the deal's prospects. This development is likely to be viewed positively by investors, as it paves the way for strategic growth and expansion for Silvercorp Metals.
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