Kinross to buy Aurelian Resources for $1.18B
http://biz.yahoo.com/ap/080724/kinross_gold_acquisition.html?.v=1
According my calculation, if we assume Kinross share is $21, Aurelian shareholders will receive little bit more than 6 $ per Aurelian share, which is about 50% more than current price (~$4).
Kinross currently down 4-5 %, but in long term they will profit from this merge a lot.
This is informational message, and is not buy/sell recommendation.
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