Eldorado Gold's C$3.8 billion (US$2.7 billion) bid for Foran Mining won shareholder approval, advancing a deal to create a larger Canadian gold-and-copper miner. The approval follows Eldorado overcoming an activist campaign that had raised doubts about the transaction, clearing a key hurdle for consolidation in the sector.
Eldorado Gold's C$3.8 billion (US$2.7 billion) bid for Foran Mining won shareholder approval, advancing a deal to create a larger Canadian gold-and-copper miner. The approval follows Eldorado overcoming an activist campaign that had raised doubts about the transaction, clearing a key hurdle for consolidation in the sector.
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