Perseus Mining Values Predictive Discovery Around $1.3 Billion in Takeover Bid

Gold producer

Perseus Mining

PRU

decrease; red down pointing triangle said it has made a binding offer to acquire Predictive Discovery

PDI 16.80%

increase; green up pointing triangle that values the explorer at more than 2.0 billion Australian dollars, equivalent to $1.31 billion.

Perseus, which already holds nearly 18% of Predictive Discovery’s stock, said Wednesday it has proposed buying each share it doesn’t already own for 0.1360 new Perseus share.