Coeur d'Alene Mines Proposes to Acquire Orko Silver Corp. for C$2.70/Share in Cash and Stock

Coeur d'Alene Mines Corporation (the “Company” or “Coeur”) CDE CDM 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”) OKOFF 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 See full press release
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidanceContractsManagementGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!