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X @The Economist
The Economist· 2025-10-14 15:35
The number of mega-deals announced this year in America is approaching a record high. Two things make the latest merger wave special https://t.co/oKWtlgSo4p https://t.co/sbLlW6YzlG ...
McEwen Inc. and Canadian Gold Corp. Announce Arrangement Agreement
Globenewswire· 2025-10-14 10:00
Core Viewpoint - McEwen Inc. has entered into a definitive agreement to acquire Canadian Gold Corp., which will make Canadian Gold a wholly-owned subsidiary of McEwen if approved by shareholders and the Supreme Court of British Columbia [1][3]. Transaction Details - The acquisition will be executed through a statutory plan of arrangement, with Canadian Gold shareholders receiving 0.0225 McEwen shares for each Canadian Gold share held, equating to a current offer price of CDN $0.60 per Canadian Gold share, representing a 96.7% premium over the previous closing price [2][3]. - The transaction is expected to close in early January 2026, pending necessary approvals [1][3]. Shareholder Impact - Upon completion, existing McEwen shareholders will own approximately 92% of the combined entity, while Canadian Gold shareholders will own about 8% [3]. - The transaction is anticipated to provide significant benefits to both Canadian Gold and McEwen shareholders, including enhanced liquidity and access to McEwen's diversified portfolio [5][6]. Asset Overview - Canadian Gold's primary asset is its 100% interest in the Tartan Lake Gold Mine Project, a high-grade gold project with existing infrastructure and exploration potential [4][6]. - The Tartan Mine is strategically located near Flin Flon, Manitoba, benefiting from access to a skilled mining workforce [6]. Approval Process - The Arrangement Agreement has been approved by the Boards of Directors of both companies, with independent financial advisors confirming the fairness of the proposed consideration [8]. - The transaction requires approval from 66 ⅔% of Canadian Gold shareholders and a simple majority from minority shareholders at a special meeting scheduled for December 5, 2025 [13]. Regulatory Compliance - The completion of the Proposed Transaction is subject to customary closing conditions and necessary court and regulatory approvals, including those from the TSX Venture Exchange, TSX, and NYSE [13].
Forte Minerals Appoints Patrick Evans as Non-Executive Chairman and Announces the Resignation of Long-Standing Director Doug Turnbull
Globenewswire· 2025-10-14 08:30
Core Viewpoint - Forte Minerals Corp. has appointed Patrick Evans as an Independent Director and Chairman of the Board, enhancing the company's governance and strategic direction in developing its copper and gold projects in Peru [1][5][7]. Company Leadership - Patrick Evans brings over 25 years of senior mining executive leadership experience, specializing in mergers and acquisitions, capital markets, and asset development across four continents [2]. - His previous roles include CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc., where he led successful exits and significant value creation [3]. - Evans holds degrees in arts and science from the University of Cape Town and has been recognized with industry awards for his leadership [4]. Board Composition - The Board believes that Evans's expertise in mergers, acquisitions, and multinational operations will support Forte's growth in the mining sector [5]. - As Independent Chairman, Evans will ensure management decisions align with shareholder interests and the company's long-term objectives [6]. Corporate Changes - The company expresses gratitude to Doug Turnbull, who resigned from the Board after 14 years of service, contributing significantly to Forte's growth and governance [10][11][12]. - Turnbull is leaving to pursue a new opportunity with VBKOM, an engineering company in South Africa [11]. Stock Options - In connection with his appointment, Patrick Evans was granted 500,000 stock options, exercisable for five years at a price of C$0.78 per share [13]. - A total of 2,750,000 stock options were granted to directors, officers, and consultants, all at the same exercise price and for the same duration [14]. Company Overview - Forte Minerals Corp. is focused on exploring high-quality copper and gold assets in Peru, leveraging a strategic partnership with GlobeTrotters Resources Perú S.A.C. to access high-impact targets [15].
Forte Minerals Appoints Patrick Evans as Non-Executive Chairman and Announces the Resignation of Long-Standing Director Doug Turnbull
Globenewswire· 2025-10-14 08:30
Core Viewpoint - Forte Minerals Corp. has appointed Patrick Evans as an Independent Director and Chairman of the Board, enhancing the company's governance and strategic direction in developing its copper and gold projects in Peru [1][5][6]. Group 1: Appointment of Patrick Evans - Patrick Evans brings over 25 years of senior mining executive leadership experience, specializing in mergers and acquisitions, capital markets, and asset development across four continents [2]. - His previous roles include CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc., where he led successful exits and significant value creation [3]. - Evans holds degrees in arts and science from the University of Cape Town and has received industry recognition, including the Viola R. MacMillan Award and the Hugo Dummett Award [4]. Group 2: Impact on Forte Minerals - The Board believes Evans's expertise in mergers, acquisitions, and multinational operations will support Forte's development of its copper and gold projects in Peru [5]. - As Independent Chairman, Evans will ensure management decisions align with shareholder interests and the company's long-term strategic objectives [6]. - Patrick Elliott, President and CEO of Forte, emphasized that Evans's appointment is transformational for the company, aiding in advancing its high-quality portfolio and unlocking long-term value for shareholders [7]. Group 3: Resignation of Doug Turnbull - Doug Turnbull has resigned from the Board after fourteen years of service, during which he contributed significantly to Forte's growth and governance [8][9]. - Turnbull is stepping down to pursue a new opportunity with VBKOM, an engineering company based in South Africa [9][10]. - The Board and management expressed gratitude for Turnbull's commitment and contributions to the company's success [10]. Group 4: Stock Options - In connection with his appointment, Patrick Evans was granted 500,000 stock options, exercisable for five years at a price of C$0.78 per share [11]. - An aggregate of 2,250,000 stock options were also granted to other directors, officers, and consultants, totaling 2,750,000 options at the same exercise price [12]. Group 5: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, with a strategic partnership to access historically drilled, high-impact targets [13]. - The company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners [13].
X @The Economist
The Economist· 2025-10-14 02:20
The number of mega-deals announced this year in America is approaching a record high. Two things make the latest merger wave special https://t.co/C9DGGBjAC1 ...
X @The Economist
The Economist· 2025-10-13 21:20
A new merger wave has begun in America. Like its predecessors, it is energised by technological promise, enthusiastic credit markets, willing politicians and striving bosses https://t.co/N1DrqfO81M ...
Goldman Sachs buys venture capital firm Industry Ventures
Reuters· 2025-10-13 21:04
Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it said on Monday. ...
Here's why David Zaslav isn't tolerating Paramount's lowball offer for Warner Bros. Discovery
New York Post· 2025-10-13 17:20
Core Message - Warner Bros. Discovery CEO David Zaslav is urging Paramount Skydance chief David Ellison to make a serious offer for the company, suggesting a price upwards of $30 per share instead of the lowball bid of around $20 he has floated [1][8]. Group 1: Offer Dynamics - Ellison, who recently acquired Paramount for $8 billion, is expected to make an official offer soon, moving away from previous soft expressions of interest [2]. - Ellison is reportedly trying to pressure Zaslav by claiming his bid is the only one available, arguing that without it, WBD's stock will decline significantly [4]. - Zaslav believes he can compel Ellison to pay a premium over WBD's current stock price, which is around $18 [5]. Group 2: Strategic Considerations - Zaslav is planning to split WBD into two units, with the streaming and studio business valued at up to $30 by analysts, which could influence the negotiations [6]. - The WBD board supports Zaslav's strategy to play the long game, anticipating that other major media companies like Comcast, Netflix, Amazon, and Apple may show interest post-split [7][12]. - Zaslav has indicated that every company is for sale at the right price, but he needs assurance that Ellison can finance a significant deal, potentially requiring up to $60 billion [12]. Group 3: Financial Implications - Ellison may need to leverage his father's wealth, which is approaching $400 billion, to finance the deal, raising questions about whether Larry Ellison would sell Oracle stock to fund it [13]. - Analysts suggest that without substantial backing, Ellison's current position is weak, as he would be attempting to acquire a much larger entity with limited resources [16].
Organization of Football Prognostics S.A. (GOFPY) Pre Recorded M&A Call Prepared Remarks Transcript
Seeking Alpha· 2025-10-13 13:36
Core Insights - The proposed combination of OPAP and Allwyn aims to create a stronger, more resilient, and innovative business in the gaming industry [3][4] - The transaction has been unanimously recommended by OPAP's Board of Directors, highlighting the strategic alignment of both companies [4] Company Overview - OPAP is the leading lottery, sports betting, and iGaming company in Greece [5] - Allwyn is characterized as a multinational innovator in the gaming sector, complementing OPAP's domestic strength [4] Strategic Rationale - The merger is positioned as a pivotal moment for both companies, aiming to reshape the future of the gaming industry [3] - The combination is expected to establish a global lottery and gaming champion by leveraging the strengths of both companies [4]
Caterpillar Inc. Enters Into Agreement to Acquire RPMGlobal
Prnewswire· 2025-10-12 23:16
Core Insights - Caterpillar Inc. has entered into an agreement to acquire RPMGlobal Holdings Limited, an Australian software company specializing in mining solutions [1][2] - The acquisition aims to enhance Caterpillar's existing technologies in asset management, fleet management, and autonomy, ultimately improving mine-site operations for customers [2] - The transaction is subject to approval from RPMGlobal shareholders and regulatory authorities, with an expected closing date in the first quarter of 2026 [2] Company Overview - Caterpillar Inc. reported sales and revenues of $64.8 billion for 2024, positioning itself as the world's leading manufacturer of construction and mining equipment [3] - The company operates through three primary segments: Construction Industries, Resource Industries, and Energy & Transportation, while also providing financing and related services through its Financial Products segment [3] - Caterpillar is committed to sustainability and reducing carbon emissions, contributing to a more sustainable future [3]