Pan American Silver completes its acquisition of MAG Silver

MAG holders received a total of $500m in cash and about 60.2 million Pan American shares, and now own about 14.3% of Pan American. The deal brings a 44% stake in the Juanicipio mine in Mexico, operated by Fresnillo, plus two exploration projects.

Why it matters. In a cash-and-share deal the target’s holders end up owning part of the buyer, here about 14%.

Source

Pan American Silver

In the course

Module 9: The M&A process