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Kinross (NYSE:KGC) Acquires Rest of Red Back (TSE:RBI)

Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced late Monday that they’ll be acquiring the rest of the common shares they don’t already own in Red Back Mining Inc. (TSX:RBI).On a fully diluted basis, the deal is valued at $7.1 billion.Shareholders in Red Back, per terms of the deal, will receive 1.778 Kinross common shares, plus 0.110 of a Kinross common share purchase warrant for each Red

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