Batista Bid Has Brazil's Richest Make Explorers Cheap: Real M&A

Feb. 14 (Bloomberg) -- If Brazilian billionaire Eike Batista gets his way by acquiring Vancouver-based Ventana Gold Corp. for about C$1.1 billion ($1.1 billion), he will make other North American companies that develop the metal's deposits look cheap for would-be acquirers. The original bid from Brazil's richest man valued Ventana at about $434 for each of the estimated 3.5 million ounces of gold at its La Bodega project in Colombia, the second-highest among 68 U.S. and Canadian exploration

Read more ...