Deals
Shandong Gold Said to Make $785 Million Offer to Acquire Jaguar
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Shandong Gold Group Co., parent of China’s second-largest gold producer by market value, made a $785 million offer to buy Jaguar Mining Inc., two people familiar with the deal said.
Shandong bid $9.30 for each Jaguar share, said the people, who asked not to be identified because the information is confidential. That’s 73 percent more than Jaguar’s closing price of $5.39 on Nov. 15 in New York. The company has 84.4 million shares issued, according to data compiled by Bloomberg.