Examples of Yamana Offer in a sentence
It is significant that Meridian is unable to point to any evidence of inquiries from potential alternative bidders in the period between June 27 and July 25, which is indicative both of the value of the Yamana Offer and the absence of any competing bidders.
Meridian's failure to do this is indicative of its stand pat, "just say no" reaction to the Yamana Proposal and the Yamana Offer.
The attempts in the Meridian response to criticize the value of the Yamana Offer have no substance and are fully responded to in the supplementary affidavit of Ted Hirst.
Each of Meridian’s financial advisors has provided a written opinion that, as of the date of such opinion, the consideration offered under the Yamana Offer was inadequate, from a financial point of view, to Meridian shareholdersM E R I D I A N G O L D I N C .
The Board concluded that the Revised Yamana Offer represented the best alternative currently available to Meridian and Meridian Shareholders.
The Board considered the outcome of this process, the likelihood of any stand-alone alternative generating short-term value comparable to the Revised Yamana Offer and the likelihood of current Meridian Shareholders preferring such a stand-alone alternative to the Revised Yamana Offer.
In addition, based on negotiations with Yamana and its advisors and the due diligence review of Yamana conducted by Meridian and its advisors (see “Background to the Revised Yamana Offer”), the Board believes that the Revised Yamana Offer is the best offer that Yamana would be willing to make and that Yamana would be unlikely to make an offer with a higher value.
Assuming completion of the Northern Orion transaction and the Yamana Offer, the combined company would have a ratio of 41% precious metals to 59% base metals.
The Yamana Offer fails to adequately compensate Meridian shareholders for the value of Meridian’s world-class asset base and its successful exploration, development and operating track record 2.
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