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Eldorado Gold Corp. won shareholder support for its C$3.8 billion ($2.7 billion) bid to acquire Foran Mining Corp., overcoming an activist campaign against the deal.
Updated ·First reported ·1 source
Summary
Eldorado Gold Corp. has reportedly won shareholder support for its C$3.8 billion ($2.7 billion) bid to acquire Foran Mining Corp. The advancement of the deal, which aims to create a larger Canadian gold-and-copper miner, comes after the company reportedly overcame an activist campaign.
Key Facts
- •Eldorado Gold Corp. won shareholder support for its bid to buy Foran Mining Corp.[1]unverified
- •The acquisition bid is valued at C$3.8 billion ($2.7 billion).[1]unverified
- •The company overcame an activist campaign that had cast doubt on the deal's prospects.[1]unverified
Locations
CanadaCanada, North America
56.13, -106.35Sources (1)
- initial report
Changelog
initial reportv1
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Show summary
Eldorado Gold Corp. has reportedly won shareholder support for its C$3.8 billion ($2.7 billion) bid to acquire Foran Mining Corp. The advancement of the deal, which aims to create a larger Canadian gold-and-copper miner, comes after the company reportedly overcame an activist campaign.
- • Eldorado Gold Corp. won shareholder support for its bid to buy Foran Mining Corp.
- • The acquisition bid is valued at C$3.8 billion ($2.7 billion).
- • The company overcame an activist campaign that had cast doubt on the deal's prospects.