Luxor Capital Bids for Crocodile Gold

Buyout shop Luxor Capital Group has offered about $118.47 million for a majority stake in Canadian minor Crocodile Gold, which owns and operates mines in the northern territory of Australia, Reuters reported. New York-based Luxor Capital offered to buy up to 215.4 million shares, or about 69%, of Crocodile Gold at 56 Canadian cents per share, Reuters wrote.

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