19.12.2011 - Eldorado makes all-stock bid for European Goldfields
Eldorado Gold Corp. aims to expand its production plans in debt-plagued Greece with an all-share bid for European Goldfields Ltd., valuing the Yukon-based company at about $2.5-billion and disrupting a financing deal it recently struck with a Qatari investment group. The agreement, announced on Sunday, is a 48-per-cent premium to where European Goldfields shares were trading before they soared on Dec. 6, following the company's announcement that it was in acquisition talks with “third parties.”..............................................Full Article: Source
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