LONDON- 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) ((zandi.shabalala@tr.com; +44 207 542 5937;))
