Zijin Gold to Acquire Allied Gold in C$5.5 Billion All-Cash Deal
Zijin Gold Agrees to Buy Allied Gold for C$5.5 Billion in Friendly All-Cash Takeover TSX- and NYSE-listed Allied Gold has agreed to be acquired by Hong Kong–listed Zijin Gold in a friendly, all-cash transaction valued at approximately C$5.5 billion. Under the terms of a definitive arrangement agreement announced on Monday, Zijin Gold will acquire all of Allied Gold’s issued and outstanding shares for C$44 per share in cash. The offer represents a premium of about 27% to Allied Gold’s 30-day volume-weighted average share price on the Toronto Stock Exchange as…
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