First Majestic Silver Announces Acquisition of Gatos Silver in an All-Stock Deal for $970 Million

Canada’s First Majestic Silver Corp. (AG) entered into a merger agreement on September 5, 2024, to acquire Gatos Silver, Inc. (GATO) for $970 million in an all-stock deal.

Deal Structure:

Under the terms of the agreement, Gatos shareholders will receive 2.550 common shares of First Majestic for each common share of Gatos held.

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