CPPMF +.24 to 1.92 after announcing an agreement to be acquired by HBM -
Under the terms of the Arrangement Agreement, each Copper Mountain shareholder will receive 0.381 of a Hudbay common share for each Copper Mountain common share held.
The Transaction consideration represents approximately C$2.67 per Copper Mountain common share and a US$439 million equity value based on Hudbay’s closing share price on April 12, 2023. The Transaction consideration represents a 23% premium to Copper Mountain shareholders based Hudbay’s and Copper Mountain’s 10-day volume-weighted-average share prices on April 12, 2023.
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