|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.7000 - 1.7800|
|52 Week Range||1.0300 - 1.8700|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||18.94|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
West Africa-focused gold miner Endeavour Mining is not looking for other potential acquisitions after its failed offer for Centamin, CEO Sebastien de Montessus said on Wednesday. Endeavour abandoned its 1.5 billion pound ($1.9 billion) pursuit of Centamin in January, citing a lack of information on the company, while Centamin said the offer was too low. De Montessus said talks with Centamin had gone completely cold and the process was finished.
The new "put up or shut up" deadline for Endeavour to make an offer or walk away has been set for Jan. 14 by the UK takeover panel on Centamin's request. Endeavour had urged Centamin to seek an extension till Jan. 31, saying the original Dec. 31 deadline did not give it sufficient time to study Centamin's assets. VanEck International Investors, which has the third-biggest stake in Endeavour and the second-biggest in Centamin, had earlier urged Centamin to seek extension on the takeover offer date.
Endeavour on Thursday said it had insufficient time before the current "put up or shut up" deadline of Dec. 31 to study Centamin's assets and urged the company to ask a British takeover panel for an extension to Jan. 31, 2020. Endeavour said it would only proceed if it can complete due diligence, including technical analysis and site visits. VanEck is the third- and second-biggest shareholder of Endeavour and Centamin, respectively, according to Refinitiv.
Gold miners Endeavour and Centamin have agreed to assess the feasibility of a merger, following a weekend meeting between top managers of the two companies, Endeavour said on Monday, driving Centamin's share price higher. Canada's Endeavour, whose business is focused on West Africa, is seeking to gain control of Centamin assets including the Sukari mine and Cleopatra project in Egypt, as well as exploration projects in West Africa. Centamin at the start of this month rejected a 1.47 billion pound ($1.89 billion) all-stock takeover proposal from Endeavour, saying it did not offer enough value to Centamin shareholders.
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Egypt said on Wednesday it welcomed Endeavour Mining's bid to takeover Centamin Plc , saying it would encourage foreign investment in the country's mining industry. Centamin rebuffed the 1.47 billion pound ($1.9 billion) all-stock takeover proposal on Tuesday, saying it did not offer enough value to Centamin shareholders. Centamin's assets include Egypt's Sukari mine and Cleopatra project, as well as exploration projects in West Africa.