November 14, 2018 / 10:43 AM / a year ago

BUZZ-Tahoe Resources Inc: Jumps on $1.07 bln buyout deal

** U.S. listed shares of Tahoe Resources up 43.6 pct at $3.16 premarket after $3.40/shr buyout deal

** TAHO top pct gainer among U.S. stocks before the bell and on track for best day ever

** Pan American Silver Corp has agreed to buy TAHO in a cash-and-stock deal valued at $1.07 bln

** Nasdaq-listed shares of PAAS up 2.6 pct at $14.50 premarket

** Offer price of $3.40 per share represents a premium of ~55 pct to Tahoe’s last close; TAHO shareholders may elect to receive the amount in cash or 0.2403 of a PAAS share

** Deal value, including base purchase price and conditional payment, is $4.10 per share

** Boards of both companies have approved the deal

** With more than 32k shares traded, TAHO most actively traded U.S. stock at 5.40 a.m. ET

** Tahoe’s U.S.-listed shares have lost half their value this year, and PAAS has declined 9 pct (Reporting by Amy Caren Daniel in Bengaluru)

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