- Under the Transaction, holders of GSS will receive total consideration, payable in cash, of $3.91 per Golden Star Share, which represents about $470 million on a fully-diluted in-the-money basis.
- The Transaction is subject to the approval of 66.75% of the votes cast by Golden Star Shareholders at the special meeting of shareholders. I believe it is only a formality.
- Assuming that the transaction is a go. I recommend selling GSS now at or above $3.75.
For further details see:
Golden Star Resources To Be Acquired By Chifeng Jilong Gold Mining For About $470 Million