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Underworld receives friendly takeover bid from Kinross http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:… 2010-03-11 10:04 ET - News Release Mr. Adrian Fleming reports KINROSS GOLD CORPORATION ANNOUNCES PROPOSED ACQUISITION OF UNDERWORLD RESOURCES INC. Underworld Resources Inc. and Kinross Gold Corp. have approved a business combination by way of a friendly offer by Kinross to acquire 100 per cent of the outstanding common shares of Underworld not already owned by Kinross. Subject to the execution of definitive agreements, the board of directors of Underworld unanimously recommends the offer to its shareholders and the directors and management team have agreed to tender their shares to the offer. Pursuant to the terms of the letter agreement, Underworld has agreed to work exclusively with Kinross toward the conclusion of a definitive support agreement which is anticipated to be executed and delivered by the parties by March 15, 2010. Elements of the transaction include For each Common Share of Underworld, Kinross will offer 0.141 of a Kinross common share, plus $0.01 in cash. The Offer represents an implied offer price of approximately $2.62 per Common Share, based on the March 10, 2010 closing price of $18.54 per Kinross common share on the Toronto Stock Exchange (the "TSX"). The transaction values the fully-diluted share capital of Underworld at approximately $139.2 million. |
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| aus der Diskussion: | Underworld Resources großes Potential in Canada |
| Autor (Datum des Eintrages): | Nina_Trader (11.03.10 17:39:36) |
| Beitrag: | 35 von 36 (ID:39116265) |
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