CAPITAL MARKETS

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.

MiningNews.Net
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. The bid was then trumped only hours after going...

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