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)
|Jan. 23, 2012, 8:48 AM
Jan. 23, 2012, 6:48 AM
Minefinders (MFN) jumps 19.9% higher in premarket trading on a report that Pan American Silver will buy the firm for close to $988M.