On November 14, Neal Gerber Eisenberg (NGE) represented Tahoe Resources’ independent board committee as its U.S. counsel in a transaction to create the world’s leading silver mining company. The cross-border deal has Pan American Silver Corp. agreeing to purchase Tahoe for $1.07 billion. The NGE team consisted of David S. Stone, John J. Koenigsknecht, and Xuehui “Cassie” Zhang.
Under terms of the deal, Pan American will give up either $3.40 in cash or 0.2403 shares for each Tahoe share, up to a limit of $275 million and 56 million shares. The deal is expected to close during the first quarter of 2019. NGE teamed with Canadian firm Cassels Brock & Blackwell LLP to represent Tahoe’s interests.
Click here to read coverage of the transaction on Reuters.
Click here to read more about the transaction.