Commander Resources Faces Unsolicited Takeover Bid

Commander Resources (TSE:CMD) has released an update.

Commander Resources Ltd. has announced that FruchtExpress Grabher GmbH & Co KG is moving forward with an unsolicited takeover bid to acquire all outstanding shares of Commander at $0.09 per share. Shareholders are advised to await a formal response from Commander’s Board, which will be based on the Special Committee’s recommendations. The Special Committee, comprised of independent directors, is currently evaluating the offer and will soon report on its initiatives.

For further insights into TSE:CMD stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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