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Article: Falconbridge offer accepted by Placer Dome.
- Article from:
- PR Newswire
- Article date:
- July 5, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FALCONBRIDGE OFFER ACCEPTED BY PLACER DOME
TORONTO, July 5 /PRNewswire/ -- Falconbridge Limited (NASDAQ: FALCF) announced yesterday that its offer to acquire all of the holdings of Placer Dome Inc. (NYSE: PDG) in Falconbridge and McIntyre Mines Limited was accepted by Placer Dome on June 30, 1988.
Under the terms of the agreement, the purchase price of the Falconbridge shares owned by Placer Dome, including those shares acquired on conversion of convertible debentures, will be $25.75 per share. The purchase price for the Falconbridge warrants held by Placer Dome will be $4.00 per warrant.
Falconbridge has agreed to make a cash takeover ...