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MineFinders (MFN) Higher On Reports of Takeover by Pan American Silver (PAAS)

January 23, 2012 7:07 AM EST
MFN Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)
Share of MineFinders Corp. (AMEX: MFN) are on the rise in pre-open trading Monday following reports from the Globe and Mail that Pan American Silver (Nasdaq: PAAS) is near a deal to acquire the company and a deal is expected to be announced today.

Although a price was not mentioned, Pan American is expected to pay a healthy premium for Minefinders the report said.


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