severstal

Severstal Says Crew Gold (TSE:CRU) Shares Too High for Tender Offer

Filed in Crew Gold, Gold, Gold Bullion prices, severstal, shares, silver by on April 1, 2010 0 Comments

Severstal drops bid for Crew Gold sharesSeverstal (CHMF.MM) said it is no longer interested in making a tender offer for Crew Gold (TSE:CRU), which had wanted to buy a controlling stake in the company.Endeavour Bank (TSE:EDV) started acquiring shares in Crew Gold, and now owns about 43 percent of the shares, and has 3 of its people on the board of Crew Gold.Severstal said the price of Crew Gold

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