All of the offer’s conditions have been satisfied or waived.
The deal, originally announced last month, was conditional on two-thirds of O3 shareholders tendering their shares by 11:59 p.m. ET Thursday. The offer – which represents a 58% premium to O3’s closing price on the day before the bid was disclosed – has now been extended until Feb. 3 to allow all remaining shareholders to tender their shares, Agnico and O3 said.
“We are pleased to achieve this excellent and timely outcome for our shareholders who tendered their common shares to the offer,” O3 CEO José Vizquerra said in a news release Friday.
“While providing an opportunity for our shareholders to realize immediate value at a significant premium, the transaction will also enable the efficient advancement of the Marban Alliance project by Agnico Eagle, an experienced operator that has the financial strength, mining expertise and community…
