WATERDOWN, Ont. - Kerry Holdings Ltd. and MCS Holding LLC plan to
acquire QGX Ltd. (TSX:QGX), a miner operations in Mongolia, in an offer
valued at $259 million.

Shareholders of QGX representing approximately 42 per cent of the firm have agreed to tender to the $5-per-share cash offer.

The board of directors of QGX has also unanimously recommended the
deal...