TORONTO, Jan. 10,
2025 /CNW/ - The shareholders of Lundin Mining
Corporation (TSX: LUN) together with BHP Group Limited and Filo
Corp. (TSX: FIL) have agreed to the terms of a Plan of Arrangement
resulting in the combination of the two companies. Each share of
Filo Corp. will be exchanged for 2.3578 shares of Lundin Mining or
C$33.00 cash subject to proration of
a max cash of C$2,767 million and
maximum share consideration of 92.1 million Lundin Mining
shares.
In expectation of the arrangement closing, Filo Corp. will be
removed from the S&P/TSX Composite Index prior to the open of
trading on January 15, 2025. The
shares outstanding of Lundin Mining will be increased at the same
time to reflect the issuance of shares.
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