Allied Gold (“Allied”) has announced the company has entered into a definitive agreement with Zijin Gold International (“Zijin”) that would see Allied acquired for C$44/share in cash, valuing it at ~C$5.5bn, a 27% premium to the 30-day volume weighted average price as at market close on 23rd Jan. The acquisition, which is recommended by the board, would be funded using Zijin’s existing cash balances and liquidity with a closing date targeted for late April 2026. Zijin is a Hong Kong-listed subsi ....
