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home / news releases / KL - Don't Bet Against Kirkland Lake Gold

KL - Don't Bet Against Kirkland Lake Gold

Kirkland Lake Gold Ltd.

Kirkland Lake Gold: Pros And Cons of Detour Gold Takeover

Data by YCharts

Former top gold stock pick and portfolio holding Kirkland Lake Gold (KL) has agreed to acquire Detour Gold (OTCPK:DRGDF) in one of the biggest takeovers of 2019.

The deal values Detour Gold at C$27.50 per share, a 24% premium to its closing price on Nov. 22, and implies an equity value of C$4.9 billion (US$3.69 billion). This is an all share transaction in which approximately 77 million KL shares will be issued to complete the deal; existing Kirkland

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Stock Information
Company Name: Kirkland Lake Gold Ltd.
Stock Symbol: KL
Market: NYSE
Website: klgold.com
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