Agnico Eagle Commences Friendly All-Cash Offer to Acquire O3 Mining
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Agnico Eagle Mines Limited has initiated a friendly all-cash offer to acquire O3 Mining at $1.67 per share, a 58% premium over O3 Mining's recent closing price. The offer is supported by O3 Mining's board and shareholders holding 39% of its shares.
December 19, 2024 | 12:45 pm
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Agnico Eagle Mines Limited has made a friendly all-cash offer to acquire O3 Mining at a 58% premium, supported by O3's board and key shareholders.
The acquisition offer at a significant premium suggests a positive strategic move for Agnico Eagle, likely to enhance its asset base and market position. The board's support and shareholder backing further solidify the deal's potential success.
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