China Gold Stone Mining Development Ltd., the owner of three mines in China, began a cash tender offer for the outstanding shares of Allied Nevada Gold Corp. (ANV:US) at $7.50 apiece in cash.
The offer will expire on Jan. 24, according to a statement today. The offer is 74 percent more than Allied Nevada’s closing price yesterday.
Allied Nevada is a gold and silver producer focused on mining, development and exploration in Nevada.
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