POTENTIAL DEAL DETAILS
|Stock||Nevsun Resources Ltd.||Symbol||NSU|
|Date Announced||07/16/2018||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Zijin Mining Group|
|Date of Confirmation:||09/05/2018||Price at Confirmation:||$4.41|
|Potential Profit:||23.53%||Annualized Profit:||168.40%|
Lundin Mining Corporation announced today that it intends to make a formal offer to acquire all of the issued and outstanding common shares of Nevsun Resources Ltd. (NSU) for cash consideration of C$4.75 per Share.
August 09, 2018: Nevsun Resources Ltd. (NSU) today announced that its Board of Directors, after careful consideration and receipt of the recommendation of a special committee of its independent directors, and after consultation with its financial and legal advisors, has rejected the hostile offer by Lundin Mining Corporation, to acquire all of the outstanding shares of Nevsun for C$4.75 per share in cash.
September 05, 2018: Nevsun Resources Ltd. (NSU)and Zijin Mining Group Co. Ltd. today announced that the parties have entered into a definitive agreement pursuant to which Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash (the “Offer”). The Offer is valued at C$1.86 billion (US$1.41 billion).
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.