First Majestic Silver, Gatos Silver shareholders approve merger deal
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Merger Approval: First Majestic Silver and Gatos Silver shareholders have approved a merger, allowing Gatos shareholders to receive 2.55 First Majestic shares for each Gatos share held, with the deal valued at $970 million.
Key Asset: The merger centers around Gatos' 70% interest in the Cerro Los Gatos silver mine in Mexico, which will enhance First Majestic's position as a diversified primary silver producer alongside its existing assets.
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.
