Gold Mining M&A - Alamos bid for Aurizon $780m

Again a strongly rated stock, Alamos, bidding for a poor performer.

Ironically it is the "safe jurisdiction" Canadian underground miner being bought out by the Mexican based open pit Alamos.
There seems to be some suggestion that another bidder may emerge, with a better "fit" and at a better price; whilst the bid is at a premium to recent lows it is still well below the prices of a year or two ago for a producing company with plenty of cash and strategic alternatives.
Alamos's stock price has taken a hit, but on a long view could be at support.

http://www.bloomberg.com/news/2013-01-14/alamos-gold-to-buy-aurizon-for-792-million.html
http://business.financialpost.com/2013/01/15/why-does-alamos-want-aurizon/