“The merger of Maverix and Triple Flag represents that rare opportunity to combine the best with the best,” Geoff Burns, Maverix’s chairSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Maverix shareholders can opt to receive either US$3.92 in cash per share or 0.36 of a Triple Flag share for each Maverix share. The deal represents a 10-per-cent premium based on the closing prices of the royalty and streaming companies on the New York Stock Exchange on Nov. 9. Royalty and streaming companies such as Triple Flag and Maverix invest in mines across the globe in return for cash and metals. The merger, according to Triple Flag, will “solidify” the company’s position as the world’s fourth-largest streaming and royalty company.Article content
“We believe that the combined company will benefit from the strong cash flows of the resulting high-margin, high-growth, inflation-resilient, and diversified portfolio,” the companies said in a press release. The deal between the gold-focused companies is just the latest merger in the gold industry. The sector has had at least eight notable mergers since 2018, when Barrick Gold Corp. and Randgold Resources Ltd. announced an $18-billion, zero-premium, all-share merger.
...tell them OATS ARE THE NEW GOLD...(no, I didn't say goats) 🤑 UrbanWild whatsfordinner
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: financialpost - 🏆 7. / 85 Read more »