:Bitcoin miner Riot Platforms said on Wednesday a Canada-based tribunal has terminated rival Bitfarms' attempt to adopt a "poison pill" to thwart its acquisition.
A worker checks the fans on miners, at the cryptocurrency farming operation, Bitfarms, in Farnham, Quebec, Canada, February 2, 2018. Picture taken February 2, 2018. REUTERS/Christinne Muschi/ File Photo:Bitcoin miner Riot Platforms said on Wednesday a Canada-based tribunal has terminated rival Bitfarms' attempt to adopt a"poison pill" to thwart its acquisition.
Last month, Bitfarms rebuffed Riot's $950 million offer, citing it undervalued the company and adopted a"poison pill" to fend off a hostile takeover. "This ruling from the Tribunal in favor of Riot's application is a win for all Bitfarms shareholders," Riot CEO Jason Les said.
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