Bullboard - Stock Discussion Forum Yamana Gold Inc. T.YRI

Metals & Mining Industrial Metals & Minerals

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from... see more

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Yamana Gold Inc. > YRI/GFL Merger Termination Fees

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Post by TVR on Jun 08, 2022 7:53pm

YRI/GFL Merger Termination Fees

The terminaton fees associated with this deal are US$300 million to GFL, US$450 million to YRI. If one party wants out of the deal they will have to pay the termination fee. Does this still apply if YRI shareholders vote down the deal? With a 75% approval requirement, and the lack of a premium to where the YRI share price was when the deal was announced, it does not appear this deal is a sure thing for getting approved and it will depend on the institutional shareholders voting for the deal.

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