Silvercorp Metals (TSE:SVM) has released an update.
Silvercorp Metals Inc. has announced it will not waive the minimum acceptance threshold of 50.1% for its takeover bid of OreCorp shares, ensuring that shareholders either retain their shares or have the option to withdraw their acceptance if the offer period extends. The company aims to protect OreCorp shareholders from the risk of becoming minority stakeholders or having their shares used in a competing offer. Silvercorp urges OreCorp shareholders to accept the offer promptly to capitalize on its current superior value and facilitate a swift resolution.
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