Market Overview

Pan American Silver To Acquire Minefinders For $1.48B

Pan American Silver Corp (NASDAQ: PAAS) announced its plans to buy Minefinders Corp Ltd (AMEX: MFN) for about C$1.5 billion ($1.48 billion).

The offer price of C$15.60 a share represents a 36% premium over Minefinders' closing price on Friday on the Toronto Stock Exchange.

Pan American Silver shares dipped 1.90% to $24.25 in the pre-market session, while MFN shares surged 28.63% to $14.60 in pre-market trading.

Posted-In: News M&A

 

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