JACKSONVILLE, Fla. and VANCOUVER, BC, January 10, 2023 /CNW/ – Riverstyx Capital Management, LLC and LM Asset Fund Limited Partnership do not support Glencore Canada’s proposed acquisition of Noranda Income Fund (TSX:NIF.UN) on current terms. The transaction is an opportunistic attempt by Glencore Canada to take advantage of NIF’s low trading price and current challenges to acquire a valuable asset at a significant discount to its inherent value.
“Under the current conditions, we will not…
