Deals
Nyrstar Agrees to Acquire Breakwater; Shares Surge 43%
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Nyrstar NV, the largest producer of refined zinc, agreed to make a friendly C$619 million ($632 million) bid for Canada’s Breakwater Resources Ltd.
Nyrstar will offer C$7 a share in cash for Breakwater, whose stockholders will also receive a special dividend of C$0.50 a share, bringing the offer to C$663 million on a fully diluted basis, Nyrstar said today in a statement.