Iamgold bids for Cambior

摘要

A friendly deal between Iamgold (IMG-T, IAG-N, IGD-A) and Cambior (CBJ-T, CBJ-X) would see lamgold take over the Montreal-based gold miner in a paper deal valued at 1.3 billion dollars to form a gold company with assets in South America, western Africa, and Canada. lamgold is offering to trade 0.42 of a share for one share of Cambior, a bid that notionally valued Cambior at 4.83 dollars per share using closing prices before the deal was announced. Cambior shareholders would hold about 43 percent of the company, and lamgold has agreed to put two Cambior representatives on its board of directors.