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Acacia Jumps in London on Talks for $4 Billion Endeavour Merger
JOHANNESBURG (Capital Markets in Africa) – Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest since November 21. The stock traded at 435.1 pence a share at…
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