Vale Offers $1.1B For Copper Co. Paranapanema
“The Paranapanema acquisition is consistent with our strategic objectives of accelerating the growth of copper production and has a significant potential for value creation to Vale's shareholders,” Vale said in a statement.
The company is offering 6.30 Brazilian reals, or approximately $3.60, for each share of Paranapanema. That represents a premium of 22.3 percent on Paranapanema's average...
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