Date: | --/--/-- --:--:-- |
Event Id: | E55QX9KWR |
Action Type: | ACQUISITION |
Action Status: | COMPLETED |
Acquirer Symbol: | |
Target Symbol: | CA:FIL |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | |
Price Per Share Currency: | |
News References: | https://news.cision.com/lundin-mining-corporation/r/lundin-mining-completes-joint-acquisition-of-filo-with-bhp-and-50--sale-of-josemaria-to-form-vicuna-,c4091950 |
Action Notes
Lundin Mining Corp (Lundin Mining) and BHP Group (BHP) have entered into a definitive agreement with Filo Corp. (Filo) to jointly acquire 100% of Filo's issued and outstanding common shares not already owned by Lundin Mining and BHP pursuant to a court-approved plan of arrangement. When completed, Lundin Mining and BHP will form a joint venture. Total consideration is CAD $33.00, either in cash, or 2.3578 Lundin Shares or any combination thereof, subject to an aggregate cap. The transaction is expected to close in Q1 2025, subject to satisfaction of closing conditions. On 08/26, Filo announced its special shareholder meeting to vote on the transaction will be held on 09/26. Filo shareholders approved the transaction on 09/26.Subject to the satisfaction or waiver of the remaining conditions to implementing the Arrangement, it is expected that the Arrangement will close on or about January 15, 2025.