M&A

Eldorado in $2.5B European takeover

VANCOUVER-based Eldorado Gold Corporation has launched a friendly $C2.5 billion ($A2.4 billion) cash and scrip takeover offer for European Goldfields.

Kristie Batten

Eldorado in $2.5B European takeover

Eldorado is offering 0.85 of its shares and 0.001c cash per share, valuing European Goldfields shares at $13.08, a 56.5% premium to its 20-day volume weighted average price on the Toronto Stock Exchange...

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