|
Aurelian has entered into an agreement with Kinross to sell all shares of ARU. Besides this agreement Aurelian has also colluded with Kinross to issue a private placement to Kinross for 15 million shares so that they ( Kinross) will be able to vote these shares in the proposed merger giving them an unfair advantage to other possible offers. To boot, these private placement shares are at a price ($4.75) below what Kinross is offering under the merger ( about $ 8.20).....Obvious collusion is illegal.
|