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Northwestern Enterprises Ltd. Acquires Common Shares Of Aura Minerals Inc.

Jul 21, 2022over 3 years ago

Acquiring Company

Northwestern Enterprises Ltd

Acquired Company

Aura Minerals

Mining TechnologyMineralPrecious MetalsMining

Description

Northwestern Enterprises Ltd. (“Northwestern”), a company beneficially owned by Paulo Carlos de Brito, announces that it has acquired 70,000 common shares (“Aura Shares”) of Aura Minerals Inc. (“Aura”) in normal course transactions on the Toronto Stock Exchange with the result that Northwestern owns or has control or direction over an aggregate of 37,016,005 Aura Shares, representing approximately 50.8571% of the issued and outstanding Aura Shares. The 70,000 Aura Shares were purchased at an average of $10.4473 per Aura Share, for an aggregate of $731,307.74.

Company Information

Company

Northwestern Enterprises Ltd

M&A Insights

Based on deal data
Integration 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