February 9, 2015 / 12:22 PM / 2 years ago

Tahoe to buy smaller gold miner Rio Alto

1 Min Read

TORONTO, Feb 6 (Reuters) - Canadian gold miner Tahoe Resources Inc said on Monday it has agreed to acquire smaller rival Rio Alto Mining Ltd in a cash and share deal, in a bid to expand its presence in Latin America and create a larger precious metals miner.

Tahoe said its offer values Rio Alto at C$4 a share, a 22.1 percent premium to Rio Alto's closing price of C$3.28 a share on Friday on the Toronto Stock Exchange.

Reporting by Euan Rocha; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below