As per reports, North American Palladium Ltd. has entered into a definitive arrangement agreement with Impala Platinum Holdings Limited, where the latter will acquire 100% of issued and outstanding common shares of NAP for a total cash consideration of C$1.0 billion approximately. As per the deal, NAP shareholders expect Brookfield to earn C$19.74 per NAP common share in cash and Brookfield Business Partners L.P, the majority shareholder of NAP to gain C$16.00 per NAP common share in cash.
NAP hosted a conference call for investors at 4:00 pm (EST) on Monday, October 7, 2019. BMO Capital Markets along with Stikeman Elliott LLP and Webber Wentzel served NAP in connection with the Transaction, whereas, Macquarie Capital Markets Canada Ltd. and Macquarie Advisory and Capital Markets South Africa (Pty) Ltd served as the financial advisor for Impala Platinum Holdings Limited along with Board of Directors. Baker McKenzie acted as its legal advisors.
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