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December 19, 2011 Eldorado Gold (EGO) trades 6.6% lower in premarket action after announcing it snapped up European Goldfields (EGFDF.PK) for a cool ~C$2.5B. Bloomberg reports the bid price came in a little pricey at 5.1X European Goldfields' assets vs. 2.2X for 10 comparable deals in the gold sector.
Comment![On the Move, Commodities]
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