Mercator Minerals Edges Lower as Credit Suisse Analyzes Creston Moly Agreement
Credit Suisse has kept a Neutral rating and $4.25 target price on Mercator Minerals Limited (ML.TO) after announcing on April 12 that it has entered into a friendly business combination agreement with Creston Moly Corp. (CMS.V), whereby ML will acquire each CMS share in exchange for 0.15 ML common shares, plus $0.08 in cash. At the time of the announcement, the transaction valued CMS at approximately C$195 million.









