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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.