Market Overview

Eldorado Gold To Buy European Goldfields

Eldorado Gold Corp (NYSE: EGO) 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.

Posted-In: merger and acquisitionNews M&A

 

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