Mississauga, ON -- (ReleaseWire) -- 06/10/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Vetra Looking to Steer Suroco Shareholders Away from Petroamerica Merger.”
Companies mentioned in this article include Suroco Energy Inc. (TSX-Venture:SRN) and Petroamerica Oil Corp. (TSX-Venture:PTA).
Merger and acquisition offers have been flying around this month, including lunchmeat maker Hillshire Brands having to keep its head on a swivel to keep pace with leapfrogging offers by Tyson Foods and Pilgrim’s Pride Corp. Pilgrim’s Pride finally removed itself from the equation on Monday, backing down after Tyson offered $63 per share to acquire Hillshire, a 40 percent premium to where Pilgrim’s Pride started the bidding about two weeks earlier. On Tuesday, Botox maker Allergan officially rejected the most recent bid of about $52.7 billion by Valeant Pharmaceuticals to acquire it; saying the bid undervalues the company and is not in the best interest of its shareholders.
In some smaller M&A activity, privately-held Vetra Acquisition Ltd., a subsidiary of VETRA Holding S.a.r.l., said after Monday’s closing bell that it would pay 60 cents per share in cash, or about $80 million, to acquire Suroco Energy Inc. (TSX-Venture:SRN). Vetra calls this offer “compelling and superior” to the proposed takeover offer by Calgary-based Petroamerica Oil Corp. (TSX-Venture:PTA) announced on April 28 comprised of a share swap that values Suroco at 57.3 cents per share. That agreement was expected to be concluded this month.
The full version of this article can be found at:
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note: AllPennyStocks.com has not received compensation for carrying the above-mentioned company; a full disclaimer can be viewed here: http://www.allpennystocks.com/aps_common/disclaimer.asp.