Brazilian billionaire Eike Batista - whose ambition it is to become the world's richest man - may need to sweeten his hostile bid to buy Ventana Gold Corp (VEN.TO), and not just for fear of a rival bidder. Batista, who last year jumped to 8th place on Forbes list of the world's wealthiest, has offered C$12.63 a share for the 80 percent of Vancouver-based Ventana that he does not own, valuing the company at about C$1.5 billion ($1.5 billion). Ventana, which owns the promising La Bodega gold property in Colombia, insists the bid is too low. Indeed, Batista himself was offering $13.06 a share in a friendly offer that was rejected before he went hostile in November.
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