New and notes

2014-04-15T00:00:00Z New and notesArizona Daily Star Arizona Daily Star
April 15, 2014 12:00 am  • 

With filers going electronic, midnight tax mailing nixed

If you plan on mailing your income-tax return, you can’t literally wait until the last minute — at least not in Tucson.

With more than 80 percent of tax-return filers now using some sort of electronic filing, most U.S. Postal Service offices no longer have collection boxes and staff available until midnight to get that vital April 15 postmark, and Tucson’s no exception.

While most local post offices will operate on regular hours, the mailboxes at the main local post office at 1501 S. Cherrybell Stravenue has been extended somewhat to 9:30 p.m. — the latest pickup time in the city, a postal official said.

HudBay Minerals seeks fix for Augusta’s ‘poison pill’

Toronto-based HudBay Minerals Inc. has filed with Canadian securities regulators to nullify a “poison pill” adopted by Rosemont Mine developer Augusta Resource Corp. to fend off Hudbay’s hostile takeover bid.

Hudbay said Monday it has filed for a so-called “cease trade order” with the British Columbia Securities Commission to halt transactions of Augusta shares under the company’s shareholders rights plan. Such plans make it harder to complete hostile takeovers by issuing stock-purchase rights to existing shareholders when a suitor accumulates a certain percentage of a target company’s stock.

Hudbay, which contends its offer is fair and that Augusta management has failed to come up with better offers, has offered about a third of a Hudbay share for each Augusta share. The offer expires May 5.

Augusta says Hudbay’s bid is inadequate and that several potential suitors are reviewing the company.

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