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The Montreal Gazette.com reports that Cliffs Natural Resources (NYSE:CLF) has bought Consolidated Thompson Mines (TSE:CLM) for $4.9B.
The Montreal Gazette.com reports that Cliffs Natural Resources (NYSE:CLF) has bought Consolidated Thompson Mines (TSX:CLM) for $4.9B.
The story is quoted as saying:
Cliffs’s CEO Joseph Carraba said the $17.25-a-share offer represents a 30-per-cent premium over Monday’s closing price of Consolidated Thompson’s shares in Toronto. The shares had already doubled in value over the past year
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