IAMGOLD Tender for EURO Successful
EURO Ressources S.A. reports that the Autorité des Marchés Financiers has announced the preliminary results of the tender offer made by IAMGOLD Corporation. The total number of shares tendered is 43.4 million shares, representing 71.6% of the outstanding shares of EURO (69.4% on a fully-diluted basis): this is in excess of the minimum thresh-hold set by IAMGOLD of 50% plus one share of the fully diluted shares.
Accordingly, the takeover bid is expected to proceed and payment for the shares tendered will be made after the final tender results are published early this week. Under the timetable to be established by the AMF, the tender offer will re-open with the same conditions within 10 trading days of the publication of the final results and must remain open for a period of at least 10 further trading days.
