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US investor group taps Glencore in bid for Sherritt

The consortium is touting its proposal as an alternative to a deal that Sherritt has been negotiating with Gillon Capital.

  • U.S. investment group led by Glencore proposes Sherritt takeover
  • Consortium offers 12¢ per share equity funding, no debt condition
  • Sherritt stock rises to $105 million after proposal