LONDON, UK: Saturn Resources Ltd (“Bidco”), a subsidiary of ETC Holdings, has agreed to buy out Shanta Gold Limited (“Shanta”), a gold mining company operating in East Africa, for 13.5 pence per share in cash. Badal Patel, CFO of Bidco, commented: “Bidco believes that the recommendations from ISS and Glass Lewis to vote in favour…
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ETC Holdings offers to acquire Shanta Gold Limited for $141.95 million
LONDON, UK: Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings (Mauritius) Limited, reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued share capital of Shanta Gold Limited. Under the terms of the acquisition, Shanta shareholders (other than any member of the buyer group) will be…