Multinational commodities trader and miner Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo (DRC), announced on Wednesday. Shareholders will receive C$0.16 in cash for each pre-amalgamation common share held, which Katanga said represented a 100% premium to the closing price of the common shares on April 21, a 139% premium over the 20-day volume-weighted average price and a 60% premium to the high-end of a valuation range provided by KPMG.
