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Agnico Eagle Mines acquires O3 Mining for $204M, targeting Quebec's Marban Alliance property.
Gold miner Agnico Eagle Mines Ltd. is acquiring O3 Mining Inc. for about $204 million in cash, focusing on the Marban Alliance property, located near Agnico's Canadian Malartic operations in Quebec, Canada.
Agnico offers $1.67 per O3 share, a deal recommended by O3's board and supported by 22% of its shareholders.
The acquisition needs at least two-thirds of O3 shares to be tendered, excluding Agnico's existing holdings.
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Agnico Eagle Mines adquiere O3 Mining por $204M, apuntando a la propiedad Marban Alliance de Quebec.