Kinross Gold Rejected a Takeover Approach from Endeavour

[pmbug]

Endeavour Mining Plc made a takeover approach to rival Kinross Gold Corp. in recent months that was rebuffed by the Canadian company, according to people familiar with the matter.

Endeavour, an acquisitive gold miner backed by Egyptian billionaire Naguib Sawiris, was considering a potential cash and stock deal for Kinross, the people said. It held talks with potential partners about teaming up on a bid, according to the people, who asked not to be identified because the information is private.

Discussions between Endeavour and Kinross didn’t proceed beyond the initial stage due to differences over valuation and other issues, the people said. ...

Kinross Gold Rejected a Takeover Approach from Endeavour

(Bloomberg) -- Endeavour Mining Plc made a takeover approach to rival Kinross Gold Corp. in recent months that was rebuffed by the Canadian company, according to people familiar with the matter.Most Read from BloombergChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTrump...

finance.yahoo.com

Is it merger season again?

 

[Goldhedge]

Is it merger season again?

Historically, that happens when the big boys need 'resources' from the explorers.