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Article: Placer Dome Response to AurionGold Target's Statement.
- Article from:
- Business Wire
- Article date:
- June 26, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors
AurionGold Limited ("AurionGold") (ASX: AOR) today released its Target's Statement in response to the takeover offer by Placer Dome Asia Pacific Limited, a wholly owned subsidiary of Placer Dome Inc. ("Placer Dome") (TSX: PDG, NYSE: PDG, ASX: PDG).
Placer Dome is currently reviewing this document and will respond to AurionGold's shareholders formally by the end of this week.
Jay Taylor, President and Chief Executive of Placer Dome, said:
"We note that AurionGold's Board has recommended that
AurionGold shareholders defer acceptance of Placer Dome's offer
rather than reject it.