Re: M&A -Value of gold in ground

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arbee

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Re: M&A -Value of gold in ground

in response to

M&A -Value of gold in ground

Pinawanian

posted on Feb 14, 2011 10:05AM

Ventana accepts sweetened AUX bid

44 minutes ago - Reuters

Ventana accepts sweetened AUX bid

TORONTO (Reuters) - Ventana Gold Corp VEN.TO said on Monday it agreed to a sweetened bid from Brazilian billionaire Eike Batista to buy the shares he doesn't already own and which values the company at around C$1.5 billion.

Ventana, which owns the promising La Bodega gold property in Colombia, agreed to the C$13.06 a share offer after fighting off a C$12.63 a share hostile bid from Batista, for nearly three months.

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