Eldorado Gold to acquire Foran Mining in C$3.8 billion deal
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Eldorado Gold is set to acquire Foran Mining in a deal, with reports varying on the value, potentially around C$3.8 billion or $2.8 billion. The acquisition is expected to increase Eldorado Gold's exposure to copper and expand its presence in Canada. The deal has received mixed reactions, with some investors supporting the bid, while others, such as Glass Lewis, have expressed opposition.
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