LONDON, Jan 14 (Reuters) - Endeavour Mining
abandoned its 1.47 billion pound ($1.9 billion pursuit of
Centamin, saying it did not receive sufficient
information on the Egypt-based miner's assets during an
assessment.
"The quality of information received during the accelerated
due diligence process has been insufficient to allow us to be
confident that proceeding with a firm offer would have been in
the best interests of Endeavour shareholders," Endeavour CEO
Sebastien de Montessus said in a statement.
Centamin rebuffed the all-stock takeover proposal from
Endeavour in December, saying it did not offer enough value to
Centamin shareholders.
($1 = 0.7711 pounds)
(Reporting by Zandi Shabalala; editing by Jason Neely)
Centamin PLC (CEY)
