Yamana wraps up Meridian
December 31, 2007
Yamana Gold Inc. of Toronto said it’s wrapping up its purchase of the shares of Reno-based Meridian Gold that it didn’t acquire in October.
About 10 percent of Meridian’s shares weren’t tendered to Yamana this autumn, and the owners of those shares are getting the same deal as those who tendered earlier $7 (Canadian) in cash and 2.235 shares of Yamana’s common for each Meridian share they own.
After the remaining Meridian shares are acquired, Meridian’s common shares will be de-listed from the Toronto and New York stock exchanges.