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Pacific Booker urges shareholders to reject American Eagle's low-value hostile takeover bid.

Company Fundamentals
30 Apr 2026
Newsfile Corp
View Source
Bearish
pluang ai news

Pacific Booker's Board unanimously recommends shareholders reject American Eagle Gold's hostile all-share takeover bid, citing undervaluation of the Morrison copper-gold project and significant risks tied to American Eagle's exploration-stage status. The Board argues the bid undervalues Morrison's resources by up to 89% compared to similar deals and exposes shareholders to a financially unstable company. Pacific Booker plans to pursue standalone growth and explore superior alternatives, supported by financial advisor RCI Capital. Shareholders are advised to take no action to reject the bid and await further strategic developments.

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