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analyst urges shareholders to reject offer
posted on
Dec 02, 2008 09:54AM
this just came out:
Raymond James analyst Bart Jaworski called the Fresnillo bid opportunistic, saying it "significantly undervalues" MAG.
"We encourage long-term investors to reject the offer and buy shares of MAG-TSX on budding buy-out potential and exploration upside at Juanicipio and Cinco de Mayo," he said in note.
