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Endeavour Mining to take 1.5B pound Centamin offer hostile
03 Dec 2019 09:10 AM

Cairo:  Canada’s Endeavour Mining Corp said on Tuesday it plans to take its 1.47 billion pound ($1.89 billion) buyout offer for Centamin Plc directly to shareholders, after the British gold miner refused to discuss the bid.

Endeavour Mining said the all-share takeover plan has an exchange ratio of 0.0846 Endeavour shares for each Centamin share, a 13.1% premium to their closing price on Monday.

Centamin did not immediately respond to Reuters’ request for a comment outside of business hours. Source: Reuters