Major agreements finalized: Pan American Silver, Thoma Bravo, DICK'S Sporting Goods, DigitalBridge, and additional entities have all sealed significant deals this week.
Hey there! Here's some hot news from the market this week:
- Pan American Silver's Big Move: Pan American Silver (NYSE:PAAS) is set to bump up their silver game with a plan to acquire MAG Silver (NYSE:MAG). This deal, valued around $2.1 billion, will give MAG shareholders a mix of $500 million in cold hard cash and 0.755 Pan American shares for each MAG share they own. The proration for this deal will be based on shareholders' elections[1][2][3].
This move offers MAG shareholders a hefty 21% premium based on the closing price on May 9, 2025, and an even juicier 27% premium compared to the 20-day volume weighted average price (VWAP) of MAG shares[1][3]. Post-deal, MAG shareholders will own roughly 14% of Pan American's fully diluted shares, making them a significant player in a larger, more diversified silver and gold producer[1][3].
The deal also brings onboard MAG's stake in Juanicipio silver mine joint venture, a large-scale, high-grade, and tier-one asset operated by Fresnillo[1][3]. The acquisition, which will be executed via a plan of arrangement under Canadian law, is expected to get the green light in the second half of 2025, after fulfilling some customary closing conditions, including Mexican anti-trust clearance[1][4].
- DigitalBridge and 26North Partners – A tactical tie-up? There's some buzz around DigitalBridge (NYSE:DBRG) and 26North Partners potentially joining forces. However, as we're yet to get our hands on the juicy details, we can't spill the beans on this one just yet[4]. Stay tuned for updates!
[1] - The Wall Street Journal: Link[2] - Bloomberg: Link[3] - Reuters: Link[4] - Google Search (DigitalBridge and 26North Partners): Link
- In the realm of finance, this proposed tie-up between DigitalBridge (NYSE:DBRG) and 26North Partners could lead to significant investments and growth in their respective business ventures.
- For investors, the acquisition of MAG Silver by Pan American Silver (NYSE:PAAS) is seen as a strategic business move that could bring lucrative returns, especially with MAG shareholders receiving a 21% premium in cash and shares.
