Iamgold: Losing its glitter on report of stalled sale process

China Gold International Resources

09/10/2019 18:01

** Canada-based gold miner's shares  IMG.TO  fall 3.4% to
C$4.82 amid uncertainty on the company's reported sale 
    ** Talks with China suitors have failed - StreetInsider https://www.streetinsider.com/Mergers+and+Acquisitions/UPDATE%3A+IAMGOLD+Corp.+%28IAG%29+Sale+Said+to+Stall+as+Talks+with+China+Suitors+Fail+-+Bloomberg/15996052.html,
 citing Bloomberg
    ** Bloomberg had reported in May that IMG was looking to
sell itself
    ** An executive at China Gold International Resource Corp
Ltd  CGG.TO  had said IMG would fit well in CGG's strategy
 urn:newsml:reuters.com:*:nL2N2691KP
    ** Bloomberg had also reported in June that Chinese
state-owned China National Gold Group Corp was interested in
buying a stake in IMG
    ** Since Bloomberg's May 16 report, IMG's shares have risen
~51%

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @s_qakhan))