Thursday, December 31, 2009
CRCC-Tongguan Buys Corriente Res. For $650M
Corriente Resources Inc. agreed to be acquired by CRCC-Tongguan Investment Co. Ltd. for about $650 million or $8.19 per share in cash. CRCC-Tongguan is a joint venture between China Railway and Tongling Nonferrous. Citigroup Global Markets and Canaccord Financial advised Corriente Resources Inc.
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