Why Coeur Mining (CDE) Stock Is Falling

Coeur Mining Inc (NYSE:CDE) shares are trading lower by 7.06% to $6.58 during Friday’s session. The company announced it agreed to acquire SilverCrest Metals for approximately $1.7 billion, pending court approval.

What To Know: Under the terms of the agreement, SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest share, valuing SilverCrest shares at $11.34, representing an 18% premium based on recent stock prices.

The acquisition is structured as a court-approved plan of arrangement and will give Coeur 63% ownership of the combined entity, with SilverCrest shareholders holding 37%.

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The combined company will become a leading global silver producer, with projected ...

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