RE:RE:RE:RE:anyone know the deal with glory?By saying "definitive agreement" isn't it a done deal? The only way this won't go through is if ICG shareholders reject it which I think is unlikely. There won't be any higher bids unless it comes in as an unsolicited offer.
VANCOUVER, May 15, 2017 /CNW/ - Eldorado Gold Corporation (the "Company" or "Eldorado") is pleased to announce that it has entered into a definitive agreement with Integra Gold Corp. ("Integra") (TSXV:ICG) (the "Arrangement Agreement"), pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of Integra that it does not currently own, by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
Under the Arrangement, shareholders of Integra will be entitled to receive, at their option, for each Integra share they own either (i) 0.24250 Eldorado shares, (ii) C$1.21250 in cash, in both (i) and (ii) subject to pro ration, or (iii) 0.18188 of an Eldorado share and C$0.30313 in cash. The maximum number of shares issuable by Eldorado under the Arrangement will be approximately 77 million (based on the number of Integra shares outstanding less Integra shares currently owned by Eldorado). The maximum amount of cash payable by Eldorado under the Arrangement will be approximately C$129 million equal to 25% of the total consideration. The total transaction value is approximately C$590 million, inclusive of Integra shares held by Eldorado.
Read more at https://www.stockhouse.com/news/press-releases/2017/05/15/eldorado-to-acquire-integra-gold-corporation#bXpvIuw1iBSaCsIv.99