Franco-Nevada to Acquire Gold Wheaton for $823m

15 December 2010 (Last Updated December 15th, 2010 18:30)

Franco-Nevada will acquire Gold Wheaton in the form of a plan of arrangement for C$830 (US$823m) in cash and shares. The firms have entered into a friendly business combination agreement whereby Franco-Nevada will acquire Gold Wheaton for $5.15 per common share. Franco will pay 6

Franco-Nevada will acquire Gold Wheaton in the form of a plan of arrangement for C$830 (US$823m) in cash and shares.

The firms have entered into a friendly business combination agreement whereby Franco-Nevada will acquire Gold Wheaton for $5.15 per common share.

Franco will pay 60% in shares and 40% in cash or 0.0934 of a Franco-Nevada share and $2.06 in cash per share.

Franco-Nevada president and CEO David Harquail said the firm expects the acquisition to be accretive to all per share metrics.