EQN - Equinox Minerals

[intoshares333]

Equinox takeover by Barrick group is in motion after $7.3 billion dollar offer was put forward. As a shareholder I received an information pack and a letter from the Barrick group offering to buy my shares for $8.19 CAD (canandian dollars ~ 7.9 AUD). I'm new to investing so I am seeking help as to what I should do. The Equinox board of directors are recommending the shareholders to accept the offer, but I'm hesistant. What are the implications if I choose to decline the offer? I've read part of this info pack, and there is a section about "compulsory acquisition" which I don't understand much about. Does anyone else have shares in Equinox and what are your plans and thoughts about this?

 

[rustyheela]

Im accepting. Excellent premium, was hoping maybe BHP would have a crack but to no avail, but wish it wasnt being taken over coz its been an excellent growth stock and investment for me, having held for 5 years through the ups & downs ( bought more during the GFC - its always the darkest b4 dawn!!) its one of the largest copper producers in the world to come on line in years and as a pure copper play, thats what i liked about it. Now it got a fair bit of money coming, looking for a home and not sure where to park it!!