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Stock impact report

Allied Gold Shareholders Back Zijin Deal, Approve Plan of Arrangement With Over 99% Support [Yahoo! Finance]

Allied Gold Corporation Common Shares (AAUC) 
Company Research Source: Yahoo! Finance
expects more than 99% approval , subject to customary regulatory and court approvals. The all-cash transaction values Allied at an equity value of about $5.5 billion , paying CAD 44 per share (a 27% premium ) and carries no financing condition because Zijin will fund the purchase with cash on hand; the agreement targets closing by the end of May with possible extensions. Management emphasized Allied's asset base — including Sadiola, the Côte d'Ivoire complex and Kurmuk (expected to start production this year) — cited 2026 guidance ~55% above 2023 and about $480 million in cash , framing the Zijin offer as fair value that reduces risk and supports growth. Interested in Allied Gold Corporation? Here are five stocks we like better. Allied Gold (NYSE:AAUC) shareholders approved a plan of arrangement involving Zijin Gold International Company Limited at a special meeting, according to remarks delivered by Chairman and Chief Executive Officer Peter Marrone. The meeting, held with in Show less Read more
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