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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