White knight app for mac3/8/2023 wrong precedent being set with these kind of mergers. Not a shareholder but it would be better if a white knight comes for $kl. Twitter was rife with complaints, especially when Kirkland Lake announced early this month that it was boosting its M&I gold resources 216% at Detour Lake. Kirkland Lake finished the day down by 7.76% to $51.38 a share by market close. News of the merger dropped in the morning. Agnico Eagle picked up Kirkland Lake's assets at about 10% discount to market, according to Derek Macpherson, on a Twitter thread. ![]() Some Kirkland Lake Gold shareholders were hoping for a better valuation. Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share, a 1% premium to the 10-day volume weighted average prices on the Toronto Stock Exchange. Kirkland Lake Gold CEO, Tony Makuch, will be CEO of the combined companies. When completed the new company will be a number three gold producer. Today the two companies announced they were merging. Agnico Eagle-Kirkland Lake Gold merger upset some shareholders.
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