Eldorado pulls Andean bid

INVESTOR hopes of a bidding war for Andean Resources were dashed overnight after would-be suitor Eldorado Gold Corporation pulled its $C3.4 billion ($A3.8 billion) offer for the gold play, resulting in Andean shares slumping in today’s trade.

Eldorado pulls Andean bid Eldorado pulls Andean bid Eldorado pulls Andean bid Eldorado pulls Andean bid Eldorado pulls Andean bid

Vancouver-based Eldorado was offering 0.31 Eldorado share for each Andean share on issue which valued the dual-listed company at around $C3.4 billion.

loader