Ignoring the elephant in the room. $KL Q3 earnings $254 $AEM Q3 earnings $115m, adjusted $145m.
Sorry, the proposed valuation isn't even close.
How about we give AEM their 'adjustment', then KL shareholders would own 63% of the combined company, and AEM shareholders would own 37%? Each KL share would buy you 1.74 AEM shares in the combined company.
Anyone honestly want to argue KL won't grow profits faster than AEM, over the next 3, 5, or 10 years?