Brief: IAMGOLD announces filing in France of a cash bid for EURO Ressources

Euro Ressources SA

26/10/2015 16:17

Oct 26 (Reuters) - IAMGOLD Corp  IMG.TO : 
 * Announces filing in France of a friendly cash bid for Euro Ressources 
 * Says IAMGOLD owns approximately 86% of the share capital of euro representing 
   86% of the voting rights 
 * Says the euro board of directors formed a special committee to consider and 
   make a recommendation in respect of the offer 
 * Filed offer to acquire common shares of Euro Ressources s.a. that co does not 
   already own for cash consideration of EUR2.84 per share 
 * If made, offer shall be open for period of 20 trading days, on an indicative 
   basis from November 16th, 2015 to December 11th, 2015 inclusive 
 * If offer is successful, the total consideration payable to euro shareholders 
   will be c. EUR25 million 
 * At meeting held on October 23rd, euro's board unanimously resolved to approve offer and recommend that euro shareholders tender shares to offer 
 
 * Source text for Eikon  ID:nPn2sPM2F  
 
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