Endeavour Mining buys Semafo for $690.7 millionChristian Fernsby ▼ | March 23, 2020
Endeavour Mining said on Monday it will acquire Semafo in a C$1 billion ($690.7 million) deal.
Mining industry Endeavour Mining
Topics: Endeavour Mining Semafo
Endeavour shareholders will own about 70% of the combined company, with Semafo shareholders holding the rest.
Under the deal, Semafo shares will be exchanged at a ratio of 0.1422 Endeavour shares for each Semafo share, which represents a premium of 54.7% from the closing price of Endeavour and Semafo on Friday, an Endeavour statement said. ■