GREY:HRIVF - Post by User
Post by
grafikspeakon Oct 19, 2012 9:17am
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Post# 20502042
from bloomberg
from bloombergBy Ilya Khrennikov - Oct 19, 2012 8:38 AM ET
Nordgold NV (NORD), owned by billionaire Russian Alexey Mordashov, offered to buy out the minorities of unit High River Gold Mines Ltd. (HRG) for $300 million in stock and cash as part of a goal to increase the parent’s market value.
The deal, valuing the unit at $1.2 billion, offers 0.285 of a Nordgold global depositary receipt or C$1.40 ($1.42) in cash for each High River share, Nordgold said today in a statement.