Post by
minigoon on Nov 04, 2022 10:43am
This will get interesting
The arrangement agreement includes reciprocal non-solicitation provisions (subject to provisions allowing the board of directors of each of Gold Fields or Yamana to exercise its fiduciary duties to change its recommendation and/or to enter into a permitted acquisition agreement in certain circumstances), and rights to match superior proposals. In addition, the arrangement agreement provides that, under certain circumstances, Gold Fields would be entitled to a $300-million (U.S.) termination fee, and Yamana would be entitled to a $450-million (U.S.) termination fee.