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M&A activity
posted on
Mar 13, 2009 05:08PM
Gammon Gold (GAM) has announced the signing of a letter of intent to take over Capitol Gold (CGC). The purchase price (paid in Gammon shares) represents a 29% premium over CGC's average price over the last 10 trading days (volume weighted).
As a CGC shareholder, I am a bit disapointed the price isn't higher.
