Coeur to Acquire Northern Empire in US$90-million Deal
Precious metals miner Coeur Mining (NYSE:CDE) agreed to acquire all of the issued and outstanding securities of Northern Empire Resources (TSX:NM) not currently owned by Coeur for the sum of approximately US$90 million, the companies announced on Thursday (August 2). As per the agreement, the value of the transaction is inclusive of the approximately 7.4 million Northern Empire shares currently owned by Coeur, representing a premium of 40 percent to Northern Empire's 20-day trailing volume-weighted average share price. “The acquisition of Northern Empire, with its high-grade Sterling gold project and large, prospective land package, comes at an opportune time for [...]