(Reuters) - NWG Investments has agreed to support a Fronteer offer to all NewWest shareholders at a ratio of 0.26 of a Fronteer common shares for each NewWest share, the companies said.
Based on Thursday's closing share prices, the proposed transaction would be worth about C$3.20 per NewWest share, a 36 percent premium to its C$2.35 closing price, or about C$187 million for NewWest overall.
Read more at Reuters.com Hot Stocks News
Based on Thursday's closing share prices, the proposed transaction would be worth about C$3.20 per NewWest share, a 36 percent premium to its C$2.35 closing price, or about C$187 million for NewWest overall.
Read more at Reuters.com Hot Stocks News
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