Nordgold Pitches $1.2B Buyout For High River Gold

Law360, New York (July 18, 2012, 5:22 PM EDT) -- Russian mining company Nordgold NV is taking aim at the remaining interest of roughly 25 percent in Canadian metals producer High River Gold Mines Ltd., lobbing an offer at the company Wednesday that values it at $1.2 billion, High River confirmed.

The CA$1.40-per-share (US$1.38) price offered investors represents a roughly 13 percent premium over High River's closing price Tuesday. While the Canadian company acknowledged the offer, it cautioned investors to hang onto their shares until its board conducts a thorough review of its proposed terms....
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