09:46 AM EST - Kinross Gold Corp. : announces that its and Red Back Mining Inc.’s boards have unanimously approved a friendly merger through a plan of arrangement, whereby Kinross will acquire all of the outstanding common shares of Red Back that Kinross does not already own. The total value of the proposed transaction is about $7.1 billion U.S., on a fully-diluted basis. Kinross Gold Corp.
shares T.K are trading down $1.12 at $15.75.
