Deals
Hecla to Buy Gold Producer Aurizon for $761 Million
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Hecla Mining Co., which operates silver mines in Alaska and Idaho, agreed to buy gold producer Aurizon Mines Ltd. for about C$781.7 million ($760.7 million) in a cash-and-stock deal that it says trumps a rival offer.
Aurizon investors will receive C$4.75 in cash or 0.9953 of Hecla stock for each share they own, Coeur D’Alene, Idaho-based Hecla said today in a statement. Aurizon’s board unanimously backed the Hecla offer and its directors and senior officers have agreed to vote their shares in favor of the deal, it said.