(Reuters) - TORONTO, July 31 - Meridian Gold Inc.
urged shareholders on Tuesday to reject Yamana Gold
Inc.'s C$3 billion hostile bid, but
Yamana said it has found support among shareholders and it
expects the deal to go through as is.
Yamana launched the hostile offer for Meridian earlier this
month. As part of the deal, Yamana will also acquire Northern
Orion Resources Inc. for about C$1 billion in a
friendly deal that is conditional on the Meridian takeover
succeeding.
Read more at Reuters.com Mergers News
urged shareholders on Tuesday to reject Yamana Gold
Inc.'s C$3 billion hostile bid, but
Yamana said it has found support among shareholders and it
expects the deal to go through as is.
Yamana launched the hostile offer for Meridian earlier this
month. As part of the deal, Yamana will also acquire Northern
Orion Resources Inc. for about C$1 billion in a
friendly deal that is conditional on the Meridian takeover
succeeding.
Read more at Reuters.com Mergers News
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