Deals
Alamos to Merge With AuRico Creating $1.5 Billion Gold Miner
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Canada’s Alamos Gold Inc. and AuRico Gold Inc. agreed to merge, creating a mining company with operations in Mexico and Canada and a market value of about $1.5 billion.
The deal is a so-called merger of equals, the Toronto-based companies said Monday in a joint statement. The current shareholders of Alamos and AuRico will each own about 50 percent of the new producer, whose board will comprise five directors from each company. The transaction is expected to close this quarter.