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Extorre Gold Mines (XG) +54% premarket after agreeing to be acquired by Yamana Gold (AUY) for...
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Monday, June 18, 2012, 8:06 AM ETExtorre Gold Mines (XG) +54% premarket after agreeing to be acquired by Yamana Gold (AUY) for ~C$414M, or C$4.26/share in cash and stock, a 68% premium to Friday's closing price in Toronto. AUY says the "tuck-in" acquisition fits its criteria, including "opportunity for organic growth, accelerated path to development and production, and high return."
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