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Placer to pay US$290m for EAGM

PLACER Dome has won the hand of East African Gold Mines after offering around US$290 million for ...

Michael Quinn
Placer to pay US$290m for EAGM

The big Canadian will spend around US$255 to acquire all the EAGM shares and take on about US$35 million in debt. EAGM was advised on the deal by Macquarie, which also holds a 14% direct equity stake...

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