Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Gold stocks: take some profits | Main | Ben aimed, fired and missed! »

Yamana gets Meridian

Yamana logo 24sep07

According to the Wall Street Journal Yamana Gold Incorporated have finally managed to acquire Meridian Gold Incorporated.

Yamana Gold Inc. succeeded in its months-long effort to acquire Meridian Gold Inc., with both sides agreeing to a $3.6 billion cash-and-stock deal that improves the boosted offer Yamana made Thursday”.

The cash portion of the deal is now C$7 (US$7) per Meridian share, up from Thursday's revised offer of C$6.50. The exchange ratio of the offer - 2.235 Yamana shares for each Meridian share - is unchanged. The cash portion of the bid, which was originally C$3.15 a share, would be funded by "currently available debt facilities," Yamana said.

So there we have it. It should be interesting to see how the market reacts to this news when the trading begins today in New York.

Have a good one.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

is yamana derivative risk free

September 25, 2007 | Unregistered Commenterira

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>