Deals
Argonaut to Buy Prodigy for $327 Million Adding Gold Project
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Argonaut Gold Inc., a producer of gold from mines in Mexico, agreed to buy Prodigy Gold Inc. for C$320.3 million ($326.9 million) to add a project in Ontario.
Prodigy stockholders will receive 0.1042 of an Argonaut share and C$0.00001 in cash for each share of Vancouver-based Prodigy, the companies said today in a statement. The offer is valued at C$1.09 a share, a 58 percent premium, based on the Oct. 12 closing price, according to a calculation by Bloomberg.