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    market news

    Pan American Silver Acquires Minefinders

    Investing News Network
    Jan. 23, 2012 07:15AM PST
    Silver Investing

    Bloomberg reported that Pan American Silver (NASDAQ:PAAS) will purchase Minefinders (TSX:MFL) for $1.49 billion.

    Bloomberg reported that Pan American Silver (NASDAQ:PAAS) will purchase Minefinders (TSX:MFL) for $1.49 billion.

    As quoted in the market news:

    Minefinders investors will get 0.55 of a Pan American share and C$1.84 in cash, or 0.6235 of a share, or C$15.60 in cash, the companies, both based in Vancouver, said today in a joint statement.

    Click here to read the full Bloomberg report.

    market newsnasdaq:paas
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