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MineralFunds.com Mergers & Acquisitions Report May 30th, 2022
Toronto, Ontario–(Newsfile Corp. – June 2, 2022) – A Copy of the Full Report is Available to Read by Following the Link Below:
Gold Fields Ltd. to Acquire Yamana Gold Inc. in US$6.7B Transaction
The report provides a summary of Gold and Precious Metal Funds that hold:
1) The Acquired Company only: Yamana Gold Inc. (TSXV: YRI)
2) The Acquirer only: Gold Fields Limited (NYSE: GFI)
3) Both the acquirer and the acquired company.
On Monday 30th, May, 2022, South Africa-based Gold Fields Ltd. (NYSE: GFI) agreed to buy Yamana Gold Inc. (TSXV: YRI) in an all-stock deal that values Yamana at $6.7 billion USD. If the deal is approved, Gold Fields Ltd. shareholders will end up with 61% of the combined $15.6 billion USD company, and Yamana Gold Inc. shareholders will hold the remaining 39%.
Gold Fields Ltd. (NYSE: GFI) is paying a 34% premium to the weighted average share price of Yamana Gold Inc. (TSXV: YRI) shares calculated over the 10 trading days immediately preceding the transaction. Gold Fields Ltd. shares fell 11% on the news as investors considered these payment terms. Yamana Gold Inc. shareholders are set to receive 0.6 of a Gold Fields Ltd. share. The Transaction implies a valuation for Yamana Gold Inc. of US$6.7 billion and represents a premium of 33.8% to the 10-day Volume-Weighted Average Price (“VWAP”) of Yamana Gold Inc.’s shares, calculated at US$ 5.20 on Friday, May 27th, 2022.
Gold Fields Ltd. (NYSE: GFI) merging with Yamana Gold Inc. (TSXV: YRI) will create world’s fourth biggest gold miner.
7 Funds show as holding Yamana Gold Inc. (TSXV: YRI) exclusively, and will be the biggest performance beneficiaries from this transaction:
Acquired only |
Both |
Acquirer only |
Yamana Gold Inc. |
Yamana Gold Inc. and Gold Fields Limited |
Gold Fields Limited |
Total: 7 Funds |
||
Total: 17 Funds |
||
Total: 35 Funds |
Source: https://mineralfunds.com/gold-funds/
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126297