Rio Alto to buy Sulliden Gold for$300M

摘要

Gold producer Rio Alto Mining (TSX: RIO; NYSE: RIOM) is acquiring developer Sulliden Gold (TSX: SUE, US-OTC: SDDDF) in a friendly $300-million, all-share deal to create a new mid-tier gold firm with low-cost operations in Peru. Under the agreement, Rio will exchange 0.525 of its share for each Sulliden share. The offers values Sulliden at $1.12 per share, marking a 43.4% premium over the company's May 20 close.