RE:RE:RE:Today Is Not A Good Day as Calibre Mining Buys Marathon GoldNLMoose wrote: Technically speaking, its not a merger as Marathon Gold shareholders will get approximately .6162 Calibre Mining share per Marathon Gold share.
This transaction is more of a takeover than a merger as Calibre will have control over the company.
Secondly, mergers usually have two companies consolidating to form a new company with previous entitles still operating autonomously, and usually uses a new name, such as Kraft Heinz when Kraft Foods and Heinz merged or Square Enix when Square Soft and Enix Corporation merged in 2003.
Agnico with Kirkland was a merger, Agnico consumed them with full control and they never formed a new company with a new name and its a more appropriate comparable being in the gold space I would assume Buyout would be the purchasing of the company with some financial means where as I didnt see any provisions for shareholders to choose cash or shares for the transaction, just upon acceptance and closing we now all become Calibre holders A buyout would have been preferable as Id likely be content with taking the cash option at full price, instead Im likely gonna stick with the shares and assets and still try and achieve my value target I was playing with calculations the other night, to get $1 or $1.25 value on MOZ (what ever I was targeting at the time), Calibre shares will need to trade at something like $1.91 I believe