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Re: None

Friday, 12/10/2010 4:40:34 PM

Friday, December 10, 2010 4:40:34 PM

Post# of 66758
This may help make some sense of the offer. He wants to be in the top 3. I know it's my first post but have to start somewhere. glta

Prokhorov Seeks to Create `Top 3' Gold Producer in 2011 Merger

By Ryan Chilcote, Henry Meyer and Ilya Khrennikov - Dec 7, 2010
OAO Polyus Gold, Russia’s largest producer of the metal, plans to merge with a global rival as early as 2011 to become one of the world’s three-biggest miners of the commodity, billionaire owner Mikhail Prokhorov said.

“We’ll need to be in the world’s top three,” he said in a Bloomberg Television interview yesterday in Moscow. Polyus will “make a merger with one of the leading gold companies in the world” after it completes plans to gain a primary listing in London, he said, declining to name acquisition candidates.

http://www.onexim.ru/media/news/273/