Canada's Iamgold to buy remaining stake in Euro Ressources

Mon Oct 26, 2015 12:41pm EDT
 
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(Reuters) - Canadian miner Iamgold Corp (IMG.TO: Quote) IAG.N said it had filed a tender offer to buy the remaining shares of Euro Ressources SA EURR.PA for 2.84 euros ($3.14) per share in cash.

Iamgold's offer represents a 31.5 percent premium based on Euro Ressources' Friday close, the Canadian miner said on Monday.

Iamgold currently owns about 86 percent of the French company.

($1 = 0.9055 euros)

(Reporting by Sneha Banerjee in Bengaluru; Editing by Anil D'Silva)