Perseus makes M&A move

PERSEUS Mining will acquire London-listed Amara Mining in a friendly takeover, gaining exposure to one of Africa’s best undeveloped gold projects.

Perseus makes M&A move Perseus makes M&A move Perseus makes M&A move Perseus makes M&A move Perseus makes M&A move

Under a UK scheme of arrangement, Amara shareholders will receive 0.68 of a Perseus share for each share held, representing a 42.2% to Amara’s closing price of 10.3 pence on Friday.