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Agnico Eagle ( (TSE:AEM) ) has shared an announcement.
Agnico Eagle Mines Limited has issued a final reminder to O3 Mining Inc. shareholders to tender their shares to Agnico’s all-cash offer of $1.67 per share, which represents a 58% premium over O3 Mining’s closing price on December 11, 2024. The offer, which is expiring on January 23, 2025, has been unanimously recommended by O3 Mining’s board and special committee. Approximately 39% of O3 Mining’s outstanding shares are already committed to the offer through lock-up agreements. Agnico Eagle aims to acquire 100% of O3 Mining shares, and if the minimum tender condition is met, a second-step transaction is planned for completion by the second quarter of 2025.
More about Agnico Eagle
Agnico Eagle Mines Limited is a prominent mining company operating in the gold mining industry. It is known for its commitment to sustainable mining practices and its focus on producing high-quality gold. O3 Mining Inc. is a mining company involved in the exploration and development of gold projects, primarily in Canada.
YTD Price Performance: 3.71%
Average Trading Volume: 1,982,873
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.06B
See more insights into AEM stock on TipRanks’ Stock Analysis page.
