(Reuters) - Speaking a day after Meridian said Yamana's unsolicited
proposal "does not reflect the value" of the company, analysts
also said rival bids could be a possibility, as gold companies
rush to add reserves and production.
Yamana announced last week it had struck a deal to acquire
small-cap gold player Northern Orion Resources and
that the two would team up to bid for Meridian for about C$3.1
billion in cash and stock.
Read more at Reuters.com Mergers News
proposal "does not reflect the value" of the company, analysts
also said rival bids could be a possibility, as gold companies
rush to add reserves and production.
Yamana announced last week it had struck a deal to acquire
small-cap gold player Northern Orion Resources and
that the two would team up to bid for Meridian for about C$3.1
billion in cash and stock.
Read more at Reuters.com Mergers News
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