M&A
confidence high
sentiment neutral
materiality 0.85
Coeur Mining to acquire SilverCrest Metals in stock-for-stock deal; exchange ratio 1.6022
Coeur Mining, Inc.
- Each SilverCrest share exchanged for 1.6022 Coeur common shares; options and units converted or cashed out.
- Transaction requires approval of 66 2/3% of SilverCrest shareholders and majority of Coeur shareholders.
- Termination fees: Coeur pays $100M, SilverCrest pays $60M under certain circumstances.
- Voting agreements with insiders holding ~2.2% of SilverCrest and ~1.1% of Coeur shares to support deal.
- Closing targeted by May 19, 2025, with possible extension to August 19, 2025 for Mexican antitrust approval.