BSG bolnisi gold nl

merger or takeover..

  1. 24,765 Posts.
    I thought I'd point out the following. Have a read of what CDE released about a week ago.

    "Coeur d'Alene and Bolnisi Extend Due Diligence Period
    COEUR D'ALENE, Idaho, June 22 ...

    - Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM) today announced that Bolnisi has agreed to extend Coeur's due diligence period to July 3, 2007, under the Merger Implementation Agreement relating to Coeur's proposed acquisition of Bolnisi, which is part of a larger transaction that also would result in Coeur's acquisition of Palmarejo Silver and Gold Corporation (TSX-V: PJO).

    http://phx.corporate-ir.net/phoenix.zhtml?c=86472&p=irol-newsArticle&ID=1018486&highlight=

    Is that a slip up?

    I wasn't aware that the word "acquisition" is used to describe a "merger". On my understanding the word "acquisition" is used to describe a takeover.

    "Coeur's proposed acquisition of Bolnisi"
    "Coeur's acquisition of Palmarejo Silver and Gold Corporation"

    Is this a takeover of BSG agreed to by BSG Management WITHOUT a takeover premium for BSG shareholders?

    It is currently worth $2.92.
 
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