Pan American Silver to buy Minefinders for C$1.5 bln8

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Pan American Silver to buy Minefinders for C$1.5 bln8

posted on Jan 23, 2012 08:26AM

UPDATE 1-minutes ago by Thomson Reuters

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Jan 23 (Reuters) - Pan American Silver Corp said it will buy Canadian precious metals miner Minefinders Corp Ltd in a deal valued at about C$1.5 billion ($1.48 billion).

The offer of C$15.60 per share, represents a premium of 36 percent to Minefinders' Friday closing on the Toronto Stock Exchange. ($1 = 1.0141 Canadian dollars) (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Sriraj Kalluvila)

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