Peru's Alpayana boosts hostile bid for Sierra by 31%

Peruvian miner Alpayana sweetened its hostile takeover bid for Sierra Metals (TSX: SMT) by 31% after the Canadian company rejected its initial salvo. The stock surged. Alpayana is now offering C$1.11 (US79¢) for each Sierra share instead of the 85¢ offer it...

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