Pan American and Agnico Eagle enter bidding war for Yamana Gold. mining gold
Both companies have offered to buy Yamana in a cash-and-stock deal valued at $5.02 a share.Under the terms of the offer, Pan American would acquire all the issued and outstanding common shares of the company. In addition, Yamana would sell certain subsidiaries and partnerships to Agnico Eagle, including the Canadian Malartic mine, allowing Agnico Eagle to consolidate its ownership of one of the world’s biggest gold mines.
Yamana shareholders would receive $1.0406 in cash, 0.0376 of an Agnico Share, and 0.1598 of a Pan American Share for each share held.
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