Precious Metals M&A » By The Online Investor Staff, updated Tue., Aug. 9, 4:47 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
| This Slide: #79 of 94 |
Slide #79. Coeur d'Alene Mines Corporation — Orko Silver Corp.
Acquirer:
Coeur d'Alene Mines Corporation (CDE)
Acquiree:
Orko Silver Corp. (OK.CA)
Details:
Coeur d'Alene Mines Corporation (the "Company" or "Coeur") (NYSE:,CDE) (TSX:CDM.CA) today confirmed that it has submitted a binding proposal ("Coeur's Proposal") to acquire all of the issued and outstanding common shares of Orko Silver Corp. ("Orko") (TSX Venture:OK.CA) in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur's Proposal constitutes a "Superior Proposal" pursuant to its arrangement agreement with First Majestic Silver Corporation ("First Majestic") (FR.TO) (AG) (FMV.F). Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur's Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur's Proposal.
Coeur Mining is a gold and silver producer, with mines located in the U.S., Canada, and Mexico. Co. produces gold and silver dore, as well as gold concentrate. The dore produced at the Palmarejo complex and Rochester mine, as well as the concentrate product produced by the Wharf mine, is refined by a geographically diverse group of third-party refiners into gold and silver bullion. Co. then sells gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. Co.'s gold concentrate product from the Kensington mine, and the smelters and traders pay Co. for the metals recovered from the concentrates.
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Coeur Mining is a gold and silver producer, with mines located in the U.S., Canada, and Mexico. Co. produces gold and silver dore, as well as gold concentrate. The dore produced at the Palmarejo complex and Rochester mine, as well as the concentrate product produced by the Wharf mine, is refined by a geographically diverse group of third-party refiners into gold and silver bullion. Co. then sells gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. Co.'s gold concentrate product from the Kensington mine, and the smelters and traders pay Co. for the metals recovered from the concentrates.
CDE SEC Filing Email Alerts Service
Open the OK.CA Page at The Online Investor »
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