First Majestic Announces Agreement to Acquire Gatos Silver For $13.49/Share In Stock
First Majestic Announces Agreement to Acquire Gatos Silver For $13.49/Share In Stock
First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) ("First Majestic") and Gatos Silver, Inc. ("Gatos") (NYSE:GATO) (TSX:GATO) are pleased to announce they have entered into a definitive merger agreement (the "Definitive Agreement") pursuant to which First Majestic will acquire all of the issued and outstanding common shares of Gatos (the "Transaction"). Gatos is a silver dominant producer with a 70% interest in the Los Gatos Joint Venture, which owns the producing Cerro Los Gatos underground silver mine in Chihuahua, Mexico.
First Majestic Silver Corp.(纽交所: AG)(TSX: AG)(FSE: FMV)("First Majestic")和Gatos Silver, Inc.("Gatos")(纽约证券交易所:GATO)(TSX:GATO)很高兴地宣布他们已经签署了一份最终合并协议("最终协议"),根据该协议,First Majestic将收购Gatos发行和流通的普通股("交易")。Gatos是一家银矿主导生产商,持有Los Gatos联营企业70%的股权,该企业在墨西哥奇瓦瓦州拥有正在生产的Cerro Los Gatos地下银矿。
Under the terms of the Definitive Agreement, Gatos shareholders will receive 2.550 common shares of First Majestic for each common share of Gatos held. The consideration implies a total offer value of US$13.49 per common share of Gatos based on the closing price of First Majestic's common shares on the New York Stock Exchange (the "NYSE") on September 4, 2024, and represents a 16% premium based on each company's closing prices and 20-day volume weighted average prices ("VWAP") on the NYSE ending September 4, 2024. The proposed Transaction implies a total equity value for Gatos of approximately US$970 million. Following completion of the Transaction, existing Gatos shareholders will own approximately 38% of First Majestic shares on a fully-diluted basis.
根据最终协议的条款,Gatos股东将收到每股Gatos普通股2.55股First Majestic普通股作为交换。根据2024年9月4日纽约证券交易所("NYSE")上First Majestic普通股的收盘价,这一交易代表着Gatos每股普通股的总报价为13.49美元,基于每家公司在2024年9月4日的收盘价和20个交易日成交量加权平均价("VWAP")在NYSE上。拟议的交易代表了Gatos约97000万美元的总股权价值。在交易完成后,现有的Gatos股东将在Fully-diluted基础上拥有First Majestic约38%的股份。