Pan American Silver (PAAS -2.9%) confirms speculation it will buy Canadian precious metals miner...

|About: Pan American Silver Corp. (PAAS)|By:, SA News Editor

Pan American Silver (PAAS -2.9%) confirms speculation it will buy Canadian precious metals miner Minefinders (MFN +27%) for about C$1.5B ($1.48B) in cash and stock. The offer of C$15.60 a share represents a 36% premium to Minefinders' Friday close in Toronto. (PR)