Saturday, December 18, 2004

It is not over yet!

The gold takeover web is getting even more tangled, with Gold Corp (GG) getting a bid from Glamis Gold (GLG). This, just when I thought Wheaton River Minerals (WHT) had finally settled down to a buyout from Gold Corp! The complex merger/attempted merger chain has now grown to include 7 players!

This latest entry has taken the merger craze among gold players to the next level with better quality miners now getting involved. This is a good sign. Expect real competitive bids for the remaining entities to start emerging soon.

I wish the same level of enthusiasm is exhibited in other sectors that have started seeing M&A activity, specifically enterprise software.


Post a Comment

<< Home