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Yamana Gold receives takeover bid from Agnico Eagle, Pan American

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Canada’s Yamana Gold said on Friday it has received an unsolicited offer from Agnico Eagle Mines Ltd and Pan American Silver Corp to acquire the company in a near US$5 billion cash-and-stock deal.

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Under the terms of the offer, Yamana shareholders would receive US$1.0406 in cash, 0.0376 of an Agnico share and 0.1598 of a Pan American share for each share held.

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