Mining and exploration group Arcon said it has agreed terms for a takeover by Canada's Lundin Mining that values the company at €93.4 million or 52.2 cent per Arcon share.
Separately, Arcon announced a swing into profit in 2004 as turnover rose 67 per cent to €37.3 million.
Under the takeover terms, a holder of 100 Arcon shares will receive just over $36 in cash and 3.2196 Lundin shares.
There is also a limited cash alternative that applies to the first 1,000 shares held by any shareholder.
