A friendly bid from Yamana Gold (YRI-T, AUY-X, YAU-L) to take over Desert Sun Mining (DSM-T, DEZ-X) would see the creation of a 450,000-oz. gold producer in the near term. Yamana is offering 0.6 of a Yamana share for shares of Desert Sun, valuing the company at dollar 5.47 per share or dollar 574 million. Taking up Desert Sun's 19.7 million outstanding warrants would cost another dollar 108 million, assuming they are exercised, but that would also put about dollar 49 million into the new company's treasury.
展开▼
