Hudbay Acquires Arizona Sonoran In A $1.48B All-Share Copper Deal

Hudbay Minerals is acquiring Arizona Sonoran Copper in an all-share transaction that values the latter at approximately $1.48 billion. Under the definitive arrangement agreement, each Arizona share will be exchanged for 0.242 of a Hudbay common share. Based on Hudbay’s last close, the implied consideration is $9.35 per Arizona share, a 30% premium. Hudbay already […] The post Hudbay Acquires Arizona Sonoran In A $1.48B All-Share Copper Deal appeared first on the deep dive.