Equinox Acquires Calibre Mining At A Discount
Another merger has been announced within the gold mining space, and well.. Investors are quite unhappy.
Calibre Mining (TSX: CXB) is set to be taken out by Equinox Gold (TSX: EQX). But not for a premium. In fact it’s not even at market. It was at a slight discount to the closing price of Calibre on the day prior to the announcement.
Which quite frankly is an oddity in the capital markets. Especially for a company that is valued in the billions.
Lets dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
