Teranga Gold May Be Target for Takeover in West Africa M&A, Goldman Says

Teranga Gold Corp. (TGZ), which mines in West Africa, may be a takeover target for other companies in the region, Goldman Sachs & Partners Australia Pty said.

Toronto-based Teranga “appears undervalued and could be considered attractive by other companies operating in the West Africa region,” Goldman analysts led by Ian Preston said yesterday in a report. Perth-based Perseus Mining Ltd. (PRU), which also has assets in West Africa, is “well-placed to acquire additional production using” shares, the report said.

To contact the reporter on this story: Elisabeth Behrmann in Sydney at ebehrmann1@bloomberg.net

To contact the editor responsible for this story: Rebecca Keenan at rkeenan5@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.