CIBC Downgrades Lake Shore Gold Corp. (LSG) to Sector Perform

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Go back to CIBC Downgrades Lake Shore Gold Corp. (LSG) to Sector Perform

Tahoe Resources (TAHO) to Acquire Lake Shore Gold (LSG)

February 8, 2016 7:05 AM EST

Tahoe Resources Inc. (NYSE: TAHO) and Lake Shore Gold Corp. (NYSE: LSG) announced that they have entered into a definitive agreement (the "Arrangement Agreement") whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold (the "Transaction"). Under the terms of the Arrangement Agreement, all of the Lake Shore Gold issued and outstanding common shares will be exchanged on the basis of 0.1467 of a Tahoe common share per each Lake Shore Gold common share (the "Exchange Ratio"). Upon completion of the Transaction, existing Tahoe... More