Canada's Iamgold to buy remaining stake in Euro Ressources

Mon Oct 26, 2015 12:37pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 26 (Reuters) - Canadian miner Iamgold Corp said it had filed a tender offer to buy the remaining shares of Euro Ressources SA 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)