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Pretium Resources Secures Shareholder Approval Of Acquisition By Newcrest Mining

Pretium Resources Inc. (TSX: PVG) announced on Thursday that its shareholders have approved the previously announced acquisition by Newcrest Mining
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This article was originally published by The Deep Dive

Pretium Resources Inc. (TSX: PVG) announced on Thursday that its shareholders have approved the previously announced acquisition by Newcrest Mining Limited. The arrangement was voted in favor by 95.48% of the shareholders present during the special meeting.

Shareholders who elected for the all-cash consideration will get $10.81 in cash and 0.3357 Newcrest shares per Pretivm share, while those who chose the all-share consideration will receive 0.8084 Newcrest shares per Pretivm share.

Those who did not elect any preferred consideration will automatically get $9.25 in cash and 0.4042 Newcrest shares per Pretium share.

In November, the companies entered into a binding agreement for Newcrest to acquire all outstanding shares of Pretium. The offer came in at $18.50 in cash or 0.8084 Newcrest shares per Pretium share. The total equity value pursuant to the transaction is approximately $3.5 billion on a fully diluted basis.

Pretium Resources last traded at $18.30 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Pretium Resources Secures Shareholder Approval Of Acquisition By Newcrest Mining appeared first on the deep dive.

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Author: ER Velasco

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