Capital Gold Urges Investors To OK $288M Deal

Law360, New York (March 15, 2011, 1:42 PM EDT) -- Capital Gold Corp. on Tuesday urged its investors to approve a $288 million merger with Canadian buyer Gammon Gold Inc. ahead of a Friday shareholder meeting, but another Canadian suitor, Timmins Gold Corp., sweetened its offer.

If the Gammon Gold deal goes through, stockholders of the New York-based target, a production and exploration company, would get .5209 shares of the Toronto-based suitor and 79 cents cash for every Capital Gold share they own.

On Monday Capital Gold told investors that two proxy research firms, ISS Proxy...
To view the full article, register now.



Case Information

Case Title

Boehm v. Capital Gold Corporation et al

Case Number



New York Southern

Nature of Suit



Richard M. Berman

Date Filed

November 22, 2010

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.