TSX:ELDMetals and Mining
Shareholder Revolt Tests Eldorado Gold’s Foran Deal And Capital Choices
Eldorado Gold (TSX:ELD) faces escalating shareholder opposition to its proposed $3.8b acquisition of Foran Mining Corporation.
Proxy adviser Glass Lewis has recommended investors vote against the transaction ahead of the upcoming shareholder meeting.
L1 Capital, an influential shareholder, has publicly criticized the deal as value destructive and plans to vote against it.
Eldorado Gold, a mid tier gold producer, is seeking to expand its footprint through the proposed Foran Mining...