BUZZ- Claude Resources Inc: To be acquired by Silver Standard

Mon Mar 7, 2016 11:53am EST
 
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** Canadian gold miner's shares up 13.8 pct at C$1.45 after miner Silver Standard Resources Inc agrees to buy company for C$337 mln

** Silver Standard offers 0.185 of its common share and C$0.0001 in cash - or C$1.65 - for each Claude share

** Silver Standard's shares down 10 pct at C$8.02

** Offer represents 30 pct premium to Claude's Friday close

** Up to Friday's close, Claude's stock had more than doubled in past 12 months, while Silver Standard shares had risen about 65 pct