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