Q: Hello 5i. could you comment if you know the details f the take over offer from Endeavor that Kinross refused. Also what would be the approx. take over price of Kinross.?
5i Research Answer:
It was only a preliminary proposal and the offer has been withdrawn. It was a cash and stock bid but no price/valuation was revealed. We think a 'fair' bid would be in the $9/share range.