Sprott Asset Management, LP announced its intention, together with Sprott Physical Gold Trust (ARCA:PHYS) to make a hostile offer to acquire all of the outstanding units of Central GoldTrust (TSX:GTU.UN). No offer has yet been received, and unit holders are advised to do nothing until after an offer is actually made and GoldTrust's Independent Trustees make their recommendation to unit holders. Bruce Heagle, Chairman of the Special Committee of Independent Trustees, stated, "We are surprised and disappointed that Sprott did not approach GoldTrust prior to announcing its intended offer."
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