Bullboard - Stock Discussion Forum TMAC Resources Inc. T.TMR

Metals & Mining Industrial Metals & Minerals

TMAC Resources Inc is an industrial metals and materials company. The business acquires, explores, and evaluates mineral properties. Its lone business segment is Mining; this segment is engaged in the exploration and development of precious metal resources, primarily gold. The company generates the vast majority of its revenue in Canada. TMAC Resources' primary mine is located in Hope Bay, in... see more

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TMAC Resources Inc. > Agnico Eagle To Acquire TMAC Resources For $2.20 Per Share

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Post by AwareInvestor on Jan 05, 2021 7:56am

Agnico Eagle To Acquire TMAC Resources For $2.20 Per Share

TMAC Resources is being acquired. This time however, it isn’t by a China-based firm. The company this morning announced that it will be acquired by that of Agnico Eagle, with the transaction being effected by way of assignment of the prior arrangement that was in place with Shandong Gold Mining.

https://thedeepdive.ca/agnico-eagle-to-acquire-tmac-resources-for-2-20-per-share/

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Comment by riverrrow on Jan 05, 2021 9:21am

Is there any chance of a competing, higher bid, or are the controlling shareholders locked into this deal? I skimmed the news release but didn't notice any mention of breakup fees. While I'm grateful for the $2.20 offer I still think $3 is realistic.

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