Imperial prevails in bid for BcMetals
Sister company of Northern Dynasty bows out after target's management cuts deal with rival, endorses opponent's buyout offer
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Last updated 2/25/2007 at Noon
From the opening volley last fall in what became a heated bidding war between two Canadian junior mining companies seeking to acquire BcMetals Corp. of Vancouver, B.C., observers couldn't predict what would happen next.
But Imperial Metals Corp., also of Vancouver, upped its buyout offer one last time Feb. 2 to C$1.70 a share, valuing BcMetals at just under C$70 million.
It proved to be an offe...
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