News

Pan Pacific admits acquistion talks

25 March 2008 12:47:00

Canada-focused miner Pan Pacific Aggregates rallied today after confirming that it is currently in discussions with a party regarding a potential acquisition.

"There can be no certainty that any transaction will be completed and a further announcement will be made when appropriate," it said.

The shares have more than doubled in the past week and are at their best levels since early January, although the company has lost 88% of its value in the last 12 months.

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