Shandong Gold Said to Make $785 Million Offer to Buy U.S. Producer Jaguar

Bloomberg reported that Shandong Gold Group Co. has made an offer to acquire Jaguar Mining (NYSE:JAG).

As quoted in the market news:

Shandong bid $9.30 for each Jaguar share, said the people, who asked not to be identified because the information is confidential. That’s 73 percent more than Jaguar’s closing price of $5.39 yesterday in New York.

Click here to read the full Bloomberg report.