VANCOUVER — BHP and Lundin Mining Corp. have signed a $4.5 billion deal to acquire all of the shares they don't already own in exploration company Filo Corp.
VANCOUVER — BHP and Lundin Mining Corp. have signed a $4.5 billion deal to acquire all of the shares they don't already own in exploration company Filo Corp.
The deal will see Australia-based BHP and Vancouver-headquartered Lundin pay $33 per share, a 12.2 per cent premium on Filo's Thursday closing price. Shareholders of Filo, a Vancouver-based firm, will be able to choose whether to receive $33 per share, Lundin shares or some combination of cash and shares.
The transaction is expected to close in the first quarter of 2025 but needs shareholder approval and is subject to other customary conditions. Concurrent to the deal, BHP and Lundin will form a Canadian joint venture compromised of the Filo del Sol and the Josemaria projects around Argentina and Chile.This report by The Canadian Press was first published July 30, 2024.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lundin Mining, BHP weighing joint bid for copper miner Filo Corp, sources sayThe talks between Lundin and BHP are at an early stage, the sources said, adding that there is no guarantee that the two companies will team up on a bid for Filo
Read more »
BHP, Lundin Mining to buy Filo for $4.5 billion, form joint venture for projectsVANCOUVER — BHP and Lundin Mining Corp. have signed a $4.5 billion deal to acquire all of the shares they don't already own in exploration company Filo Corp.
Read more »
BHP and Lundin Mining to buy Filo for $3.25 billionGlobal miner BHP Group and Canada-listed Lundin Mining will takeover explorer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as...
Read more »
BHP Group and Canada’s Lundin Mining Buy Copper Miner Filo(Bloomberg) -- BHP Group Ltd. has teamed up with Lundin Mining Corp. to buy Filo Corp., gaining access to South American copper projects.Most Read from...
Read more »
BHP and Lundin Mining to acquire Filo for $3.2 billionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Lundin to pitch BHP on joint bid for copper miner FiloLundin Mining Corp. has approached BHP Group about making a joint bid for copper miner Filo Corp., people with knowledge of the matter said, in a move that could solve fundraising needs for a neighboring project it wants to build.
Read more »