AGNICO EAGLE RECOMMENDS THAT SHAREHOLDERS REJECT TRC CAPITAL''S BELOW-MARKET MINI-TENDER OFFER
TORONTO , June 10, 2022 |CNW| - Agnico Eagle Mines Limited (NYSE: AEM ) (TSX: AEM ) ("Agnico Eagle") has been notified of an unsolicited mini-tender offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,000,000 Agnico Eagle common shares, or approximately 0.44% of Agnico Eagle''s outstanding common shares, at a price of C$64.00 per share. Agnico Eagle does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to the offer. Agnico Eagle cautions shareholders that the mini-tender offer has been made at a price below the current market price for Agnico Eagle''s shares. The offer represents a discount of approximately 4.51% and 4.68% to the closing price of Agnico Eagle''s shares on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on June 7, 2022 , the last trading day before the mini-tender offer was commenced. The mini-tender offer is also … Full story available on Benzinga.
AGNICO EAGLE RECOMMENDS THAT SHAREHOLDERS REJECT TRC CAPITAL''S BELOW-MARKET MINI-TENDER OFFER
TORONTO , June 10, 2022 |CNW| - Agnico Eagle Mines Limited (NYSE: AEM ) (TSX: AEM ) ("Agnico Eagle") has been notified of an unsolicited mini-tender offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,000,000 Agnico Eagle common shares, or approximately 0.44% of Agnico Eagle''s outstanding common shares, at a price of C$64.00 per share. Agnico Eagle does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to the offer. Agnico Eagle cautions shareholders that the mini-tender offer has been made at a price below the current market price for Agnico Eagle''s shares. The offer represents a discount of approximately 4.51% and 4.68% to the closing price of Agnico Eagle''s shares on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on June 7, 2022 , the last trading day before the mini-tender offer was commenced. The mini-tender offer is also … Full story available on Benzinga.