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Bloomberg
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Glass Lewis opposes Eldorado Gold's Foran bid
Key proxy adviser Glass Lewis recommended Eldorado Gold shareholders vote against its C$3.8 billion bid for Foran Mining. The recommendation creates another roadblock for the deal after the third-largest shareholder opposed it.
A key proxy adviser firm recommended Eldorado Gold Corp. investors vote against its C$3.8 billion ($2.7 billion) bid for Foran Mining Corp., the latest roadblock after Eldorado’s third-largest shareholder called the takeover too expensive.