Jun. 20 at 1:04 AM
$MAG $PAAS MAG Silver says ISS recommends vote in favor of merger
MAG Silver announced that Institutional Shareholder Services issued a report recommending that MAG shareholders vote for the special resolution approving the previously announced plan of arrangement with Pan American Silver (PAAS). Under the terms of the arrangement, shareholders will be able to elect to receive the consideration as either:
$20.54 in cash per MAG Share, or
$0.0001 in cash and 0.755 Pan American shares per MAG share. The arrangement will be voted on at the meeting to be held on July 10.
