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Agnico Eagle Gets Final Court Approval for Rupert Resources Takeover

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Agnico Eagle Mines (AEM) is on track to complete its takeover of Rupert Resources (RUP) next week after the Supreme Court of British Columbia granted final approval.

Rupert said Thursday its shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars ($2.15) in cash tied to milestones over a 10-year period.

The court order follows approval by Rupert securityholders at a special meeting on Tuesday.

Price: $158.47, Change: $+5.99, Percent Change: +3.93%

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