Deals
B2Gold to Buy CGA to Take Over Philippines Biggest Gold Mine
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B2Gold Corp., a Canadian company with assets in Latin America and Africa, agreed to buy CGA Mining Ltd. to gain control of the largest operating gold project in the Philippines.
The deal is worth about C$947 million ($966 million), or C$2.80 a share, in stock as of yesterday’s close, down from its announced value of C$1.07 billion. CGA’s Australian-traded shares rose 4.7 percent to A$2.67 at the close in Sydney today.