Tuesday, July 3, 2007

Teck Cominco to buy Aur for C$4.1 billion

(Reuters) - The C$41 a share offer for Aur is a 29 percent premium to the company's closing price on Friday of C$31.70 on the Toronto Stock Exchange.




Teck said it would pay a maximum of C$3.1 billion in cash and issue a maximum of about 22 million shares. At full pro-ration, Aur shareholders would receive C$30.75 in cash and 0.2187 of a Teck Cominco class B share per Aur common share.


Read more at Reuters.com Business News

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