Agnico Eagle Mines Inks Deal to Buy O3 Mining in Friendly Transaction

Agnico Eagle Mines Limited (AEM) and O3 Mining Inc. recently signed a definitive support agreement. Under this agreement, AEM has agreed to offer to acquire, directly or indirectly, all of O3 Mining's outstanding common shares in cash at $1.67 per common share through a takeover bid. The offer is worth approximately $204 million on a fully diluted in-the-money basis.The offer price of $1.67 per common share represents a 57% premium over the volume-weighted average price of Common Shares on the TSX Venture E ...