October 26, 2015 / 4:38 PM / 2 years ago

Canada's Iamgold to buy remaining stake in Euro Ressources

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)

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