February 9, 2015 / 1:53 PM / 3 years ago

BUZZ-Rio Alto Mining Ltd: To be bought by Tahoe Resources Inc

(Updates)

** Canadian gold miner Rio Alto's U.S.-listed shares up 12.5 pct at $2.97; Toronto shares up 12 pct at C$3.68

** Tahoe offers to buy Rio Alto for C$4 per share, or C$1.4 bln ($1.12 bln) in a cash and share deal

** Acquirer Tahoe's U.S.-listed shares down 7 pct $13.10; Toronto shares down 7.6 pct at C$16.34

** Acquisition to help expand Tahoe's presence in Latin America

** Toronto-listed stock of Rio Alto's had risen 30 pct in six months through Friday, while Tahoe's had fallen 39 pct

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below