St Barbara/Allied merger gets court nod
August 31, 2012 by goldguru · Leave a Comment
The high Court of Justice in England and Wales has approved the merger between gold miner St Barbara and Allied Gold.
Under the terms of the offer, St Barbara would acquire the entire issued capital of Allied Gold for A$1.025 in cash and 0.8 shares for every Allied Gold share held. The cash component of the offer would be funded through an existing A$120-million term loan facility provided by National Australia Bank and Barclays Bank.
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