4 Merger and Acquisitions Stock Stories Not to be Overlooked
Keegan Resources (AMEX:KGN): Closing price $3.17
PMI Gold Corporation and Keegan Resources jointly announced Tuesday that they have terminated the agreement they entered into on December 5th in accordance with its terms. This decision is a mutual determination of PMI and Keegan that it is unlikely that PMI’s shareholders will approve the transactions considered by the agreement. The termination is not because of any differences arising between the respective boards regarding valuation matters or on account of any new facts having come to their attention.