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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silver Tiger Metals Inc (QX) | USOTC:SLVTF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0011 | -0.71% | 0.1549 | 0.1507 | 0.16 | 0.16 | 0.1549 | 0.16 | 36,120 | 21:00:01 |
Russian potash fertilizer producer OAO Uralkali (URKA.RS) Monday proposed a merger with rival potash giant OAO Silvinit (SILV.RS).
Uralkali seeks to buy a 20% stake in Silvinit for $1.4 billion and purchase the remainder of the company with an additional share issue, Uralkali said in a statement.
In total, Uralkali proposes buying 1.565 million Silvinit shares at $894.50 apiece. In addition, Silvinit shareholders besides Uralkali will receive 133.4 Uralkali shares for each Silvinit ordinary share and 51.8 Uralkali shares for each preferred share of Silvinit.
The Uralkali board Monday called for a shareholder meeting for Feb. 4 to consider the merger. Uralkali Chief Executive Pavel Grachev said in a statement he recommends voting for the merger.
-By William Mauldin, Dow Jones Newswires; +7 495 232-9192; william.mauldin@dowjones.com
1 Year Silver Tiger Metals (QX) Chart |
1 Month Silver Tiger Metals (QX) Chart |
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