Coeur Mining to Acquire SilverCrest Metals for $1.7 Billion

Coeur Mining, Inc. (CDE) entered a merger agreement on October 4, 2024, to acquire smaller peer SilverCrest Metals Inc. (SILV) in an all-stock deal valued at about $1.7 billion.

Details of The Agreement:

As per the agreement, SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share, which implies a consideration of $11.34 per SilverCrest common share, representing a premium of 22.07% from the stock’s last close.

Please subscribe for free or login to your InsideArbitrage account to access this article.