CA - Triple Flag shares slide as Maverix Metals OKs takeover deal

Triple Flag Precious Metals ( NYSE: TFPM ) -4.4% in Friday's trading after Maverix Metals ( NYSE: MMX ) said its shareholders overwhelmingly approved Triple Flag's cash and stock deal to acquire the company.

Under the deal, Maverix shareholders ( MMX ) will receive either $3.92/share in cash or 0.360 of a common share of Triple Flag ( TFPM ) per Maverix share held; the purchase price implies a total equity value for Maverix of US$606M.

The deal creating a gold-focused emerging senior streaming and royalty company was announced in November .

Triple Flag Precious Metals' ( TFPM ) acquisition of Maverix adds significant diversification with nearly 30 paying assets and considerable depth to its portfolio, Taylor Dart writes in an analysis published recently on Seeking Alpha .

For further details see: