Jiangxi Copper plans to acquire mining company SolGold, with a transaction value potentially reaching £867 million
Jiangxi Copper agreed to acquire the copper miner SolGold Plc, with the deal valuing the company at slightly over $1 billion. After two previous offers were rejected, SolGold stated in a statement on Wednesday that it has accepted the latest cash offer from the Chinese company at a price of 28 pence per share for its remaining shares. SolGold noted that, including potential future shares to be issued, the company's valuation could reach up to £867 million ($1.17 billion). The company added that this offer represents a 43% premium over the stock price prior to the initial acquisition proposal made last month
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