Boyd, Roosen, Quartermain: It takes grit, invention, luck to make the big time
Mining industry legends discuss the backstories on their multibillion-dollar successes.
After talks began last September and no other offers materialized, Canadian zinc miner Breakwater Resources (TSX: BWR) announced early Wednesday that it had accepted Belgium based metals producer Nyrstar NV C$7 per share all-cash offer.
Nyrstar will pay around C$619 million for Breakwater; an offer Breakwater CEO David Petroff called “an attractive and fair premium to the current share price,” thanks to a 44% premium.