Re: Kinross just took out Aurelian
in response to
by
posted on
Jul 25, 2008 07:06AM
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The deal is not final but Kinross gets the right to match any new offers and a 45 million dollar break up fee if the deal does not go through.
The feeling on the ARU board is that they are being sold down the river by management. The calcs are that even if the Equidor government takes half the profits the price is still about half what it should be.