Gammon Returns for CapGold

Gammon Returns for CapGold

Mexico M&A

Canada-based miner Gammon Gold has made a new offer to acquire US-based Capital Gold. Both companies operate in Mexico. The deal is valued at $288m or $4.57 per CapGold share. Each common share of CapGold would be exchanged for 0.5209 common shares of Gammon Gold and a cash payment of $0.79 per share. The acquisition has the unanimous support of both companies' boards, each company says. However, it looks like the offer may run into trouble. US-based law firm Brodsky & Smith has announced it is

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