Bloomberg News

China Gold Stone Starts Cash Tender Offer for Allied Nevada

January 14, 2014

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.

To contact the editor responsible for this story: Stephen Cunningham at scunningha10@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • ANV
    (Allied Nevada Gold Corp)
    • $0.97 USD
    • 0.12
    • 12.62%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus