Meridian Gold board to consider Yamana's offer

By Lisa Kerner

Charlotte, N.C., July 20 - Meridian Gold Inc.'s board of directors said it will review and consider the unsolicited tender offer by Yamana Gold Inc. to acquire the company. Yamana is offering 2.235 common shares of its stock plus C$3.15 in cash for each common share of Meridian Gold, according to a company news release.

Goldman, Sachs & Co. and BMO Capital Markets are advising Meridian along with Canadian legal counsel Fraser Milner Casgrain LLP and U.S. legal counsel Skadden, Arps, Slate, Meagher & Flom LLP.

Meridian is a mid-tier gold producer with mining operations in Chile and Nevada. The company is based in Reno, Nev.

Yamana is a Toronto-based precious metals mining company.

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