Lihir-Ballarat deal cops more flack from analysts

THREE more leading analysts have joined the chorus of investment institutions that are far from convinced of the benefits to Lihir Gold from a proposed merger with Ballarat Goldfields.

Lihir-Ballarat deal cops more flack from analysts Lihir-Ballarat deal cops more flack from analysts Lihir-Ballarat deal cops more flack from analysts Lihir-Ballarat deal cops more flack from analysts Lihir-Ballarat deal cops more flack from analysts

Credit Suisse, JPMorgan and Merrill Lynch have all issued disparaging reports on the deal, which proposes five Lihir shares for every 54 Ballarat shares, valuing Ballarat at $350 million.