Brief: Greenash Partners Says Agnico Eagle's Offer For O3 Mining Seems To Be A Significant Discount To NPV
17/01/2025 20:06
Jan 17 (Reuters) - Greenash Partners:
* GREENASH PARTNERS: AGNICO EAGLE'S C$1.67/SHARE OFFER FOR
O3
MINING APPEARS TO BE A SIGNIFICANT DISCOUNT TO INDEPENDENT
ESTIMATES OF NET PRESENT VALUE
* GREENASH PARTNERS: IN OUR ASSESSMENT AGNICO EAGLE WILL
MAXIMIZE
ITS PROFIT PARTICIPATION IN O3 MINING ONLY BY RAISING PRICE OF
TAKEOVER OFFER
* GREENASH PARTNERS: IF AGNICO DOES NOT RAISE O3 MINING
OFFER
PRICE, UNLIKELY IN OUR VIEW THAT 90% THRESHOLD REQUIRED FOR
DE-LISTING WILL BE MET
* GREENASH PARTNERS: OVERSEES FUNDS WHICH HOLDS 2.7% OF O3
MINING'S SHARES OUTSTANDING
Further company coverage: AEM.TO
((Reuters.Briefs@thomsonreuters.com;))
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