Agnico-Eagle Divests Queenston Shares, Merit Medical Buys Thomas Medical: Merger and Acquisition Report
Agnico-Eagle Mines Limited (NYSE:AEM) announced through a press release Monday that it will divest 7,795,574 common shares of Queenston Mining (QNMNF.PK) to Osisko Mining Corporation (OSKFF.PK) for a cash consideration of C$5.43 per share. These stocks represent around 9.21 percent of the issued and outstanding shares. The transaction should close on November 29th, at which time Agnico-Eagle will hold no shares.
Merit Medical Systems (NASDAQ:MMSI) on Monday reported that it has reached a stock purchase agreement to buy Thomas Medical Products from GE Healthcare (NYSE:GE), through an all-cash transaction valued at about $167 million. The buyer is a top manufacturer and marketer of proprietary disposable devices employed for the most part in cardiology, radiology and endoscopy.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>