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ALO - Argonaut Gold Buys Alio Gold: How The Takeover Stacks Up Against Prior Buyouts
Alio Gold Inc. (Canada)
It’s been a hectic month for M&A thus far in the gold sector, with a near-record three deals in just over one month. The most recent acquisition, announced Monday morning, is the takeover of Alio Gold (ALO) by mid-tier producer Argonaut Gold (ARNGF). The deal isn’t much of a relief to Alio Gold shareholders, as it was done at the market, meaning that those accumulating the stock hoping for an eventual pay day won’t be getting their day in the sun.
Adding insult to injury, the deal isn’t great for investors