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Yamana (AUY) Announces Superior Proposal

  • November 4, 2022


StockYamana Gold Inc.SymbolAUY
Date Announced11/04/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Pan American Silver Corp.
Date of Confirmation: 11/08/2022Price at Confirmation: $5.04
Potential Profit: 3.92%Annualized Profit: 357.47%

Yamana Gold Inc. (AUY) confirms that, as disclosed in a joint press release by Agnico Eagle Mines Limited (AEM) and Pan American Silver Corp. (PAAS), it has received an unsolicited binding proposal from the New Offerors. The proposed transaction would see Pan American acquire Yamana, while Agnico Eagle would buy Yamana’s Canadian assets.

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