Wednesday, January 23, 2008

Appetite remains for Canada mining M&A -analysts

January 22 - Reuters - Canadian metals producers may delay launching takeover bids until the current market turmoil has subsided, but analysts say there is still M&A demand in the sector despite weaker stocks and tight credit conditions.

The analysts say that even though higher debt costs could linger for some time, cash and stock deals could still go ahead, particularly as gold prices sit near record highs, and base metals prices have been steady despite a steep slide in several mining stocks. Read More.

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