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Stock impact report

Hudbay Minerals agrees to acquire Arizona Sonoran for $1.48bn [Yahoo! Finance]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The integration of Hudbay's Copper World deposits with ASCU's Cactus project is expected to significantly boost copper production capabilities. Hudbay will acquire all outstanding shares of ASCU that it does not already own, offering 0.242 of a Hudbay share per Arizona Sonoran share. This offer represents a 30% premium over ASCU's closing price, and a 36% premium when considering the 20-day volume-weighted average prices of both companies. Hudbay president and CEO Peter Kukielski said: “The acquisition of ASCU is a highly compelling transaction that further enhances Hudbay's copper growth platform in the US. Cactus is a high-quality, large-scale copper development asset in a mining jurisdiction that we know well. “Together with the advancement of Copper World, this transaction creates one of the most significant copper districts in North America and reinforces Hudbay's position as a premier copper growth company, while preserving financial flexibility and delivering long-term Show less Read more
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