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Monday, April 29, 2013

Deals of the day -- mergers and acquisitions, (NYSE: KGC)

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Kinross Gold Corp estimated the cost of a scaled-back expansion of its struggling Tasiast mine in West Africa at $2.7 billion, more than some analysts had expected, sending its shares 3 percent lower.** Germany's Bayer AG has agreed to purchase U.S. contraceptive devices maker Conceptus for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.

Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Shares of KGC fell by 0.91% or $-0.05/share to $5.44. In the past year, the shares have traded as low as $4.97 and as high as $11.20. On average, 10545700 shares of KGC exchange hands on a given day and today's volume is recorded at 14015801.



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