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Shandong Gold, parent of China’s second-largest gold producer by market value, reportedly...
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Wednesday, November 16, 2011, 8:59 AM ETShandong Gold, parent of China’s second-largest gold producer by market value, reportedly makes a $785M offer to buy Jaguar Mining (JAG). Shandong is said to have bid $9.30/share, a 73% premium to JAG’s Tuesday closing price of $5.39. JAG +47.5% premarket.
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Lets hope this sale/purchase will go through, and see what happens in the following 3-6 month.