http://business.financialpost.com/
TORONTO – Tahoe Resources Inc.’s friendly $945 million deal to buy Lake Shore Gold Corp. is being viewed as a logical transaction that addresses challenges faced by both companies.
Tahoe gets to diversify into Canada, increase its growth profile and reduce exposure to Guatemala, a very challenging jurisdiction. Lake Shore, meanwhile, can develop its projects quickly without worrying about diluting shareholders or taking on more debt.
“We believe this transaction brings strong mutual benefits to our respective shareholders and establishes the premier low-cost precious metals producer in the Americas,” Tahoe chief executive Kevin McArthur claimed on a conference call.