Triple Flag falls after Maverix Metals' shareholders approve acquisition

Triple Flag Precious Metals

13/01/2023 17:43

** Shares of Canada-based streaming and royalty firm Triple
Flag Precious Metals Corp  TFPM.TO  fall 3.4% at C$18.25
    ** Gold royalty firm Maverix Metals Inc's  MMX.TO 
shareholders approve its acquisition by TFPM
    ** MMX stockholders will receive either $3.92 in cash or
0.360 of a TFPM share for each share held, according to deal
announced last November
    ** TFPM and MMX shareholders would own about 77% and 23%,
respectively, of the combined company
    ** The deal, valued at $606 mln, is expected to be completed
in January 2023
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))