Allied Gold to Be Acquired by Zijin Gold in $4.02 Billion Deal
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Allied Gold has agreed to be acquired by Zijin Gold International for approximately $4.02 billion. Shareholders will receive CA$44 per share in cash, marking an all-time high for the company's stock. The deal, which requires shareholder and regulatory approval, is expected to close in late April. Directors owning 15.4% of shares support the transaction. Following the acquisition, Allied Gold will be delisted from the Toronto Stock Exchange and NYSE. The agreement allows for a superior acquisition proposal, with a termination fee of CA$220 million applicable under certain conditions.
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