Pan American Silver To Acquire Minefinders For $1.48B

Pan American Silver Corp PAAS announced its plans to buy Minefinders Corp Ltd 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.