The games begin. Here’s the NR, here’s the content:
TORONTO, Sept. 28, 2021 /CNW/ – Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle” or the “Company”) and Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) (“Kirkland Lake Gold”) announced today that they have entered into an agreement (the “Merger Agreement”) to combine in a merger of equals (the “Merger”), with the combined company to continue under the name “Agnico Eagle Mines Limited”. The Merger will establish the new Agnico Eagle as the gold industry’s highest-quality senior producer, with the lowest unit costs, highest margins, most favourable risk profile and industry-leading best practices etc…..
Bidding war?
Seems like a good deal for AEM provided Detour expands production over the next few years.
This could be the ante. Makuch just got the thing started. Rumours on discussions with Barrick. 4 interested parties. Let’s see where this goes. Don’t mind the AEM currency.
This could be an ante. Makuch just got the thing started. Rumours on discussions with Barrick. 4 interested parties. Let’s see where this goes. Don’t mind the AEM currency.
Pretty crummy merger. Huge $450 million breakup fee, no value for KL holders. AEM benefits the most in this merger. decent chance that KL holders vote this down as they need 66.67% to vote yes.
The highest bidder? Really? Glad I did not buy for a quick profit because I was assuming a bit more of a premium.
Living breathing proof that a troll will find some way of throwing shade.
What?
Whatup???? Uncle Eric wanted to dump the rest of his shares?????? Or have costs gone skyhigh again at Detour & theyre trying to bury it?
Is that uncle Eric directed to me? If so I am unsure why.
good deal for AEM a multiple will lower. Peronally I wrote covered call yday on my poition. Sold everything today. Been a great run for me in KL over the years, but I dont want to be part of this. Bought the elephant hunters company with the proceeds today.
KL bitin the bullet. Tired of tryin to keep up with the big boyz………….What does Uncle Eric say????
The deal sucks for KL holders. Munchie did the same retail backstab when he sold Lakeshore gold a few years.
What do you think the odds are of another bid coming? Thanks.
Possible, rather than probable. The ball is in Bristow’s court if he/Thornton want KL and now is the strategic time to make the serious, one-time offer. However, Occam’s Razor favours both status quo and the deal being voted up and AEM/KL is as politically correct a deal as one could dare dream (Justin’s World will like it). I do not see how NCM has an opportunity now. NEM is a black box with the largest warchest of them all, but aggressive third party moves are not its corporate way.
Smart move by Agnico Eagle. If I was to own a major that would be it.
Got a soft spot in my heart (i.e., wallet) for AG, made a 23-bagger on their warrants about 15 years ago (good times 🙂 ), also used to drive by the Goldex mine when canoeing in Northern Quebec.
Less than outstanding premium for KL holders, shows how weak the merger impetus is.