Sierra Metals Finally Agrees To Takeover By Alpayana At $1.15 Per Share

Alpayana reaches deal to buy Sierra Metals - LatinFinance

Toronto-based firm agrees to improved takeover offer from Peruvian miner The post Alpayana reaches deal to buy Sierra Metals appeared first on LatinFinance.

Alpayana’s All-Cash Offer for Sierra Metals

Key Points:– Alpayana offers $1.15/share cash for Sierra Metals in a board-supported bid.– Sierra Metals’ board recommends shareholders accept the premium offer.– Experienced Alpayana extends bid deadline to May 12, 2025. In a development that could significantly impact small and micro-cap mining investors, Sierra Metals Inc. (TSX: SMT) has announced an agreement in principle for an all-cash takeover bid from Alpayana S.A.C. and its Canadian sub…

Sierra Metals Finally Agrees To Takeover By Alpayana At $1.15 Per Share

Sierra Metals (TSX: SMT) has finally given up in its fight against a hostile takeover by Alpayana S.A.C. The company has reached an agreement with the private miner following a slightly increased take-over bid. The revised takeover bid has seen the offer to Sierra Metals shareholders increased from $1.11 per share to $1.15 per share, with the purchase to be paid for in cash. Sierra and Alpayana are to enter into a support agreement in the near t…