Metalla Completes Acquisition Of Strategic Silver Focused Royalty Portfolio From First Majestic Silver
Dec 22, 2022•almost 3 years ago
Acquiring Company
METALLA
Acquired Company
SILVER
Description
Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce that, further to its news release dated November 28, 2022, it has closed (the "Closing") the acquisition of a portfolio of eight royalties in Mexico (the "Royalties") from First Majestic Silver (NYSE: AG) (TSX: FR) for 4,168,056 of common shares of Metalla at a price of US$4.7984 (representing the 25-day VWAP on the NYSE American at signing).
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed