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DG365FD46564GFH654FU898 While merger and acquisition (M&A) activity has picked up of late in the gold sector, this morning’s multi-billion dollar deal involved two of the most widely-held silver companies in the precious metals space. Pan American Silver (PAAS) and Minefinders (MFL.TSX, AMEX: MFN) announced that they entered into a definitive agreement whereby Pan American will acquire Minefinders for C$15.60 per share, or approximately for C$1.5 billion. The offer price represents a 36% premium to last Friday’s closing price for MFL.TSX of C$11.50 per share. Shares of MFL.TSX surged as much as 27.7% to C$14.86 this morning and remained higher by 25.5% at C$14.43 in mid-day trading.
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