Pan American Silver To Buy Aquiline In $605M Deal

Law360, New York (October 15, 2009, 6:12 PM EDT) -- Pan American Silver Corp. has plans to buy Aquiline Resources Inc. in a CA$626 million ($605 million) deal for the South American silver and gold mining company's stock and convertible securities.

Pan American — which has eight silver mines in Argentina, Bolivia, Mexico and Peru — signed a support agreement with Aquiline that calls for the company to make a formal takeover bid for all of Aquiline's issued and outstanding shares, the companies announced Wednesday.

The silver mining company also intends to make similar bids for...
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