Core Viewpoint - Rayonier has successfully completed its merger with PotlatchDeltic Corporation, creating a combined entity that owns over four million acres of diverse timberland in the United States and operates multiple sawmills and real estate developments [1]. Company Overview - Rayonier is a real estate investment trust (REIT) focused on land resources, managing over four million acres primarily in the U.S. South and U.S. Northwest, with a commitment to sustainable timberland management and optimizing portfolio value [5]. Leadership and Board Composition - The new senior leadership team of the combined company features equal representation from both Rayonier and PotlatchDeltic, with Mark D. McHugh serving as President and CEO [2]. - The Board of Directors includes five directors from each legacy company, with Eric J. Cremers as Executive Chairman and Scott R. Jones as Lead Independent Director [3]. Name and Stock Information - The combined company will initially retain the Rayonier name, with its common stock trading under the ticker symbol "RYN" starting February 2, 2026, and plans to announce a new name and ticker later in the first quarter of 2026 [4].

Core Viewpoint - MinRex Resources has entered into a definitive arrangement agreement to acquire Electrum Discovery, creating a significant gold-copper merger valued at approximately $18.73 million (A$28 million) [1] Group 1: Transaction Details - The acquisition will proceed via a statutory plan of arrangement, positioning the deal as a merger of equals [1] - Electrum securityholders are expected to hold about 49% of the combined company, while MinRex investors will own around 51% [5] - Each Electrum share will be exchanged for 7.9 MinRex shares, with approximately 28% of Electrum's issued shares having signed voting support agreements for the transaction [5] Group 2: Project Highlights - Electrum's Tlamino Gold Project in Serbia contains near-surface inferred mineral resources of 670,000 ounces of gold equivalent at a grade of 2.9 grams per tonne [2] - MinRex's Sofala Gold Project in New South Wales hosts inferred mineral resources exceeding 350,000 ounces of gold at a grade of 1.6 grams per tonne [2] Group 3: Strategic Focus - The combined entity will prioritize unlocking value at the Tlamino Gold Project through resource expansion drilling and exploration for new discoveries around the Barje Deposit [3] - The merged portfolio will also include Electrum's Timok East Copper-Gold Project, focusing on identifying a significant copper-gold system [4] - MinRex's existing gold and base metals assets in the Lachlan Fold Belt will remain a priority, with continued emphasis on expanding resources at Sofala [4] Group 4: Timeline and Endorsement - The merger has been unanimously endorsed by both boards and is expected to be completed by March 2026, pending regulatory approvals [6] - MinRex director James Pearse emphasized that the merger represents a pivotal moment for both companies, enhancing scale, diversification, and technical depth [7]

Core Viewpoint - Electrum Discovery Corp. has entered into an arrangement agreement with MinRex Resources Limited to combine in a share exchange transaction, creating a stronger, well-capitalized exploration company with a diversified portfolio of gold and copper projects in Serbia and Australia [1][2][4]. Company Overview - Electrum Discovery Corp. is a Canadian-based company focused on advancing its two projects: the Novo Tlamino Gold Project and the Timok East Copper-Gold Project, located in the Western Tethyan Belt in Serbia [27]. - The company aims to maximize the value of its mineral projects for stakeholders while promoting sustainability and governance [28]. Transaction Details - The transaction will result in MinRex being the surviving entity, with Electrum shareholders receiving approximately 49.3% of the shares of the combined company [3][11]. - Electrum shareholders will receive about 7.9 MinRex shares for each Electrum common share held, totaling approximately 966.67 million MinRex shares to be issued [12][13]. - The combined company will have a pro forma cash balance exceeding A$8 million and no debt, enhancing its financial position [2][3]. Strategic Rationale - The merger is described as a transformational opportunity for Electrum, providing an Australian public listing and a stronger leadership team [2][4]. - The combined company will focus on unlocking value from the Novo Tlamino Gold Project, which hosts inferred mineral resources of 670,000 ounces of gold equivalent [10][11]. - The strategic combination aims to create a well-capitalized gold-copper explorer with advanced projects in two established mining jurisdictions [4][10]. Exploration Strategy - Post-transaction, the combined company will prioritize infill drilling at the Barje Deposit to support an updated mineral resource estimate [6][8]. - A drilling program of approximately 3,200 meters is planned, along with an additional 1,000 meters of step-out drilling to test potential extensions of the Barje Deposit [7][8]. - The Novo Tlamino Gold Project also has highly prospective regional gold targets, including the Karamanica Target, which has shown promising historical assay results [9][10]. Leadership and Governance - The board and management teams of both companies will combine to form a strengthened leadership team, with Dr. Elena Clarici and Michael Thomsen joining the board of directors of the combined company [15][19]. - Insiders and significant shareholders of Electrum, holding approximately 28% of the issued shares, have agreed to support the transaction [3][11]. Regulatory and Approval Process - The transaction requires approval from the Supreme Court of British Columbia and Electrum shareholders at a special meeting [14][18]. - The expected completion date for the transaction is March 2026, subject to regulatory approvals and other conditions [21][18].

Core Viewpoint - Destination XL Group and FullBeauty are merging to create a larger entity in the apparel market, focusing on extended sizes and inclusive fashion, with FullBeauty shareholders owning 55% of the new group [3][7]. Company Overview - FullBeauty operates a range of plus-size and inclusive apparel brands, including KingSize, Catherines, Eloquii, Roaman's, and Dia, while Destination XL is known for its DXL Big + Tall and Casual Male XL store chains [4][10]. - The combined entity will serve approximately 34 million customer households and operate nearly 300 stores, with direct-to-consumer sales making up about 75% of total revenue [5]. Financial Projections - On a pro forma basis, the merged group is expected to generate around $1.2 billion in annual revenue and an adjusted EBITDA of approximately $70 million by October 2025 [6]. - Management anticipates annual cost savings of about $25 million by 2027 [6]. Leadership and Structure - Jim Fogarty, the current CEO of FullBeauty, will lead the combined business, while Peter Stratton from Destination XL will serve as CFO [5]. - The board will consist of nine directors, evenly split between appointees from both companies, plus one independent director [9]. Market Positioning - The merger aims to create a scaled player in a fragmented apparel market, leveraging digital capabilities, data analytics, and fit expertise [7][8]. - The combined company is positioned to drive innovation in inclusive fashion, enhancing customer choice in a historically underserved category [9].

VANCOUVER, British Columbia, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Teck has obtained a final order from the Supreme Court of British Columbia approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act, involving, among other things, the merger of equals of Anglo American plc (“Anglo American”) and Teck (the “Merger”). The Merger remains subject to the satisfaction or wa ...

Core Viewpoint - Dolly Varden Silver announced a proposed merger with Contango ORE, aiming to create a new high-grade silver and gold producer named Contango Silver & Gold, which will have a 20-year development pipeline across Alaska and British Columbia [6][10]. Company Overview - Dolly Varden Silver has expanded its valuation from $20 million to approximately C$560 million over the last five years, supported by aggressive drilling programs and strategic acquisitions [1][2]. - Contango ORE, listed on NYSE American, focuses on gold exploration and production in Alaska, holding a 30% interest in the Manh Choh Gold Project, which produced 173,400 gold ounces in the first nine months of 2025 [3][4]. Merger Details - Upon completion of the merger, existing shareholders of both companies will own approximately 50% of the new entity, MergeCo, which will be renamed Contango Silver & Gold Inc. [10]. - The merger is expected to enhance the combined company's market capitalization to approximately US$812 million (C$1.1 billion) and improve trading liquidity and institutional ownership [14][16]. Strategic Rationale - The merger aims to create a North American-focused multi-stage silver and gold company with a diverse asset portfolio, including advanced-stage exploration and current production [11][12]. - The combined entity will leverage high-grade projects such as the Lucky Shot and Johnson Tract in Alaska, and the Kitsault Valley project in British Columbia, all strategically located near existing infrastructure [12][13]. Financial Position - The combined companies will have over US$100 million in cash and only US$15 million in debt, with annual cash flow from the Manh Choh gold mine [12][14]. - The merger is expected to provide a solid financial foundation for growth and long-term value creation for shareholders [11][17]. Leadership and Management - The new company will be led by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [10]. - The leadership team is expected to bring operational expertise to transition projects from exploration to production effectively [7][11]. Exploration Potential - The merger is anticipated to enhance exploration capabilities, with a strong focus on high-grade mineral inventory and a track record of successful exploration across the combined portfolio [12][13]. - The integration of Dolly Varden's exploration team with Contango's operational expertise is expected to drive resource expansion and discovery opportunities [7][11].

Core Points - The meeting is convened to discuss the proposed merger of equals between Teck Resources and Anglo American [1] - The meeting acknowledges the traditional territory of the Coast Salish peoples, specifically the Squamish, Tsleil-Waututh, and Musqueam Nations [2] - A safety share is a standard practice at Teck, initiated by the Vice President of Health and Safety, emphasizing the company's commitment to health and safety [3]

Merger of Equals with Anglo American plc approved by both classes of Teck shareholders VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today the voting results from its Special Meeting of Shareholders held on Tuesday, December 9, 2025 (the “Meeting”). Teck shareholders overwhelmingly voted to approve the special resolution (the “Arrangement Resolution”) approving the plan of arrangement under the Canadian Business ...

Transaction Overview - AkzoNobel and Axalta will combine in an all-stock merger, with Axalta shareholders receiving 0.6539 shares of AkzoNobel for each Axalta share[31] - AkzoNobel expects to pay a special cash dividend to its shareholders equal to €2.5 billion minus regular dividends in 2026 prior to completion[31] - Pro forma ownership will be 55% AkzoNobel shareholders and 45% Axalta shareholders[31] - The transaction is expected to close in late 2026 to early 2027, pending approvals[31] Financial Highlights - The combination aims to create ~$600 million in cost and operational synergies[28] - The combined company's 2024A revenue is $16.9 billion, with $11.6 billion from AkzoNobel and $5.3 billion from Axalta[44, 67] - The combined adjusted EBITDA for 2024A is $3.3 billion, including synergies, with a margin of approximately 19.5%[67] - Adjusted Free Cash Flow is projected at $1.5 billion, including synergies[67] Strategic Benefits - The merger creates a top-tier portfolio with leading positions in key end-markets and globally recognized brands[28] - The combined company will have extensive scale, bringing global capabilities to local customers[28] - The combined R&D investment is approximately $400 million annually, representing about 2.5% of sales[52] - The combined company will have a balanced geographical revenue split, with 43% from EMEA, 24% from APAC, 23% from North America, and 10% from Latin America[48]

Core Insights - The merger between the two companies is characterized as a "no premium merger of equals," indicating that both companies are performing well and have supportive leadership teams for the integration [1][2][3] - The combined entity will have a significant global presence, with operations in 160 countries, 170 manufacturing sites, and 91 R&D centers, enhancing its distribution capabilities [6][8] - The governance structure post-merger will feature a balanced leadership, with the CEO from one company and the chairman from the other, ensuring equitable representation [4][5] Financial Aspects - A special dividend of €2.5 billion will be paid to shareholders ahead of the transaction, adjusting the ownership stakes to 55% and 45% [4] - The merger is expected to create the largest performance coatings business globally, and the second largest when including paint and coatings [8] Strategic Benefits - The merger aims to leverage the combined strengths of both companies to build critical size and enhance competitiveness in the market [7][8] - The integration is seen as an opportunity to optimize operations and improve overall business performance, with a focus on local presence and global coverage [6][7]