Eldorado Expands in Europe with European Goldfields Acquisition

Bloomberg reported that Eldorado Gold (TSX:ELD) is paying $2.41 billion to acquire European Goldfields (LSE:EGU).

As quoted in the market news:

The offer values European Goldfields at the equivalent of C$13.08 a share, Vancouver-based Eldorado said yesterday in a statement. That’s 10 percent more than the price on Dec. 16 and 31 percent more than the close on Dec. 5 before Whitehorse, Canada-based European Goldfields said it had received offers.

Click here to read the full Bloomberg report.