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Centerra, Aurico Metals reveal C$310m friendly tie-up

By:  
Creamer Media Deputy Editor: North America
 
GOLD M&A
Canadian gold miners Centerra Gold and AuRico Metals have struck an accord to combine their businesses through a friendly C$310-million deal that will see Centerra usurp all of the outstanding equities of AuRico. Centerra is offering C$1.80 a share, representing a 38% premium on AuRico's TSX-listed shares' closing price on Monday and a 37% premium on the 20-day volume-weighted average price.
 
 
 
 
 

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