On May 29, it was reported that Canadian bitcoin mining company Bitfarms responded to an unsolicited takeover proposal from Riot Platforms that Riot intends to acquire 100% of Bitfarms' common stock, which includes cash and Riot common stock, at a price of $2.30 per common share. Bitfarms said that the proposal was carefully considered by a special committee of the board of directors composed solely of independent directors and determined that the proposal significantly underestimated the company and its growth prospects. In order to advance its discussions with Riot in a meaningful manner, the special committee requested customary confidentiality and non-solicitation protections, but Riot did not respond.
Following the receipt of additional unsolicited expressions of interest and the signing of customary non-disclosure agreements by each additional party, the Special Committee is conducting a thorough review of strategic alternatives to ensure maximum shareholder value is achieved. These alternatives may include continued execution of the Company's business plans, strategic business mergers or other strategic transactions, or a sale of the Company.
Bitfarms responds to Riot Platforms' proposed acquisition, saying a strategic alternative process is underway
2024-05-29 11:45:28
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Bitfarms回应Riot Platforms提出的收购提案，称战略替代流程正在进行中Next article：
彭博分析师：以太坊和比特币ETF规模比例或与白银和黄金ETF类似
