M&A
Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have backed Lake Shore Gold’s binding proposal to buy project developer Temex Resources. The company explained on Wednesday that under the terms of the proposal, Temex shareholders would receive, for each Temex share, 0.105 of a Lake Shore Gold share, having a value of $0.13 based on the closing price of Lake Shore Gold's shares on the TSX.
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