AUY - Yamana Gold: Benefits From Synergy Potential Gold/Silver Price Rise Plus Call Premiums And Dividends
Summary
- Agnico Eagle Mines and Pan American Silver Corp offered to buy Yamana.
- Yamana Shareholders get US$1.0406 in cash from Agnico, plus 0.1598 of a common share of Pan American Silver and 0.0376 of a common share of Agnico Eagle Mines.
- The total to Yamana shareholders is $5.95 based on AEM and PAAS's January 6th closing price.
- My preference is for ownership of AEM over PAAS, although I may own both for a time.
- AUY shareholders can benefit from the synergies of AUY, AEM, and PAAS, plus any rising gold or silver prices, while gaining from covered call premiums and dividends.
For further details see:
Yamana Gold: Benefits From Synergy, Potential Gold/Silver Price Rise, Plus Call Premiums And Dividends