Stewart, Mogridge consortium make SeaDragon takeover offer
Independent committee recommends shareholders do not yet take action in response to the offer.
The company reported a $5.1m loss for the year ended March 31, 2022.
A consortium led by major SeaDragon shareholder and NBR Lister Mark Stewart and the company’s executive chair has made an offer to acquire the Nelson-based refinery company.
SeaDragon, which is listed on the USX, said late Monday an unconditional offer had been made to acquire the company’s
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