Source Pravda.Ru

Placer's Seventh Attempt

Canadian company Placer Dome has given Aurion Gold's shareholders until October 2 to accept its $1 billion plus takeover offer.

It is the seventh attempt by Placer to take over the company and its Goldfields operations.

The other major shareholders Colonial First State and M and G Investment Management are probably holding out for an offer of a special dividend, but whether the deal is accepted it is unlikely that another company will make a play for Aurion.

Placer will lobby for representation on Aurion Gold's board at the miner's annual general meeting next month.

It is their second attempt to get on the board. ©

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