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Thursday, January 6, 2011

Franco-Nevada to pay Gold Wheaton in cash, shrs or both, (TSE: GLW), (TSE: FNV)

Gold Wheaton Gold Corp (GLW.TO) and its suitor Franco-Nevada Corp (FNV.TO) amended the terms of the takeover deal, giving Gold Wheaton shareholders an option to get either cash or stock or both. In December, Franco-Nevada, a Canadian gold royalty company, said it would buy competitor Gold Wheaton in a cash-and-share deal worth C$830 million. [ID:nN13196905] The amended arrangement agreement provides Gold Wheaton shareholders an option to get either a cash payment of C$5.20 or 0.1556 common shares of Franco-Nevada for each share.

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