Wednesday, July 11, 2007

UPDATE 1-CAMEC to make make $1.9 bln bid for Katanga

(Reuters) - The new offer is 17 new ordinary CAMEC shares for each
Katanga share compared with a bid of 15 for one made on Monday.




CAMEC, which operates in the Democratic Republic of Congo
and already owns 22 percent of fellow DRC-focused Katanga,
said the deal would create synergies from the combining of
production, expertise, logistics, operations and mining fleets.


Read more at Reuters.com Mergers News

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