ExGen Completes Acquisition of MTB, Finalizes Share Exchange Plan
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
- Acquisition Completed: ExGen Resources has finalized its acquisition of MTB Metals Corp, executing a court-approved arrangement where ExGen issued 0.286 shares for each MTB share, marking a significant milestone in the company's market strategy.
- Shareholder Integration: Following the transaction, ExGen now has 109,149,808 shares outstanding, enhancing its market position and laying the groundwork for future partnerships and acquisitions.
- Management Changes: Mark T. Brown, a director from MTB, has been appointed to ExGen's board, further integrating the management teams and promoting synergies between the two companies.
- Market Outlook: ExGen aims to leverage this acquisition to establish itself as an emerging royalty company, capitalizing on market opportunities to drive future growth, reflecting confidence in the mining sector.
EXG
$9.33+Infinity%1D
Analyst Views on EXG
Wall Street analysts forecast EXG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 9.230
Low
Averages
High
Current: 9.230
Low
Averages
High
No data
About EXG
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Its portfolio of investments includes aerospace and defense, air freight and logistics, automobiles, banks, beverages, building products, biotechnology, construction materials, diversified financial services, electric utilities, electrical equipment, electronic equipment, instruments and components, entertainment, equity real estate investment trusts, food products, healthcare equipment and supplies, healthcare providers and services, hotels, restaurants and leisure, industrial conglomerates, insurance, interactive media and services, Internet and direct marketing retail, information technology services, leisure products, machinery, personal products, and others. Investment adviser of the Fund is Eaton Vance Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
