Canada's Iamgold to buy remaining stake in Euro Ressources

Euro Ressources SA

26/10/2015 16:37

Oct 26 (Reuters) - Canadian miner Iamgold Corp  IMG.TO  
 IAG.N  said it had filed a tender offer to buy the remaining 
shares of Euro Ressources SA  EURR.PA  for 2.84 euros ($3.14) 
per share in cash. 
    Iamgold's offer represents a 31.5 percent premium based on 
Euro Ressources' Friday close, the Canadian miner said on 
Monday.  urn:newsml:reuters.com:*:nCNWbQTX6a 
    Iamgold currently owns about 86 percent of the French 
company. 
($1 = 0.9055 euros) 
 
 (Reporting by Sneha Banerjee in Bengaluru; Editing by Anil 
D'Silva) 
 ((sneha.banerjee@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 1130; ; Reuters Messaging: 
sneha.banerjee.thomsonreuters.com@reuters.net)) 
 
Keywords: EURO RESSOURCES M&A/IAMGOLD CORP