First Majestic Silver Closes Acquisition of Gatos Silver

MT Newswires Live01-16

First Majestic Silver (AG) has closed the acquisition of Gatos Silver (GATO), the companies said Thursday.

Gatos shareholders will receive 2.55 common shares of First Majestic for each common share of Gatos they hold and cash instead of fractional First Majestic shares, according to the joint statement.

The companies said in September that the deal implies a total offer value of $13.49 for each Gatos share and a total equity value for Gatos of about $970 million.

Gatos Silver is now a wholly owned subsidiary of First Majestic and its stock will be delisted from the New York Stock Exchange and Toronto Stock Exchange, the companies added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2503972449?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-16 22:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503972449","market":"hk","top_or_hot":-1,"title":"First Majestic Silver Closes Acquisition of Gatos Silver","media":"MT Newswires Live","content":"<html><body><p> First Majestic Silver (AG) has closed the acquisition of Gatos Silver (GATO), the companies said Thursday.</p><p>Gatos shareholders will receive 2.55 common shares of First Majestic for each common share of Gatos they hold and cash instead of fractional First Majestic shares, according to the joint statement.</p><p>The companies said in September that the deal implies a total offer value of $13.49 for each Gatos share and a total equity value for Gatos of about $970 million.</p><p>Gatos Silver is now a wholly owned subsidiary of First Majestic and its stock will be delisted from the New York Stock Exchange and Toronto Stock Exchange, the companies added.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Majestic Silver Closes Acquisition of Gatos Silver</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Majestic Silver Closes Acquisition of Gatos Silver\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-16 22:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> First Majestic Silver (AG) has closed the acquisition of Gatos Silver (GATO), the companies said Thursday.</p><p>Gatos shareholders will receive 2.55 common shares of First Majestic for each common share of Gatos they hold and cash instead of fractional First Majestic shares, according to the joint statement.</p><p>The companies said in September that the deal implies a total offer value of $13.49 for each Gatos share and a total equity value for Gatos of about $970 million.</p><p>Gatos Silver is now a wholly owned subsidiary of First Majestic and its stock will be delisted from the New York Stock Exchange and Toronto Stock Exchange, the companies added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4210","symbol_name":"白银","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503972449","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503972449","pubTimestamp":1737036798,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"First Majestic Silver  has closed the acquisition of Gatos Silver , the companies said Thursday.Gatos shareholders will receive 2.55 common shares of First Majestic for each common share of Gatos they hold and cash instead of fractional First Majestic shares, according to the joint statement.The companies said in September that the deal implies a total offer value of $13.49 for each Gatos share and a total equity value for Gatos of about $970 million.Gatos Silver is now a wholly owned subsidiary of First Majestic and its stock will be delisted from the New York Stock Exchange and Toronto Stock Exchange, the companies added.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4210":"白银","GATO":"Gatos Silver, Inc.","AG":"First Majestic Silver Corporation"},"translate_title":"First Majestic Silver完成对Gatos Silver的收购","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GATO":1,"AG":1},"content_text":"First Majestic Silver (AG) has closed the acquisition of Gatos Silver (GATO), the companies said Thursday.Gatos shareholders will receive 2.55 common shares of First Majestic for each common share of Gatos they hold and cash instead of fractional First Majestic shares, according to the joint statement.The companies said in September that the deal implies a total offer value of $13.49 for each Gatos share and a total equity value for Gatos of about $970 million.Gatos Silver is now a wholly owned subsidiary of First Majestic and its stock will be delisted from the New York Stock Exchange and Toronto Stock Exchange, the companies added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2503972449","isCrawlerRequest":true}