Eldorado Gold To Buy European Goldfields

Eldorado Gold Corp

agreed to acquire European Goldfields Ltd for C$2.5 billion (US$2.4 billion) in a cash and shares deal. European Goldfields' shareholders will receive 0.85 Eldorado shares and C$0.0001 in cash for each share of European Goldfields. The offer values shares of European Goldfields at C$13.08 per share. EGO shares gained 2.74% to close at $14.98 on Friday.