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Taseko Closes Acquisition Of 12.5% Interest In Gibraltar Copper Mine

Mar 16, 2023over 2 years ago

Acquiring Company

TASEKO

Acquired Company

INTEREST IN GIBRALTAR COPPER MINE

Description

Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce the completion of its acquisition of an additional 12.5% interest in the Gibraltar Mine from Sojitz Corporation ("Sojitz"). Gibraltar is operated through a joint venture which is owned 75% by Taseko and 25% by Cariboo Copper Corporation ("Cariboo"). Under the terms of the Agreement, Taseko has acquired Sojitz's 50% interest in Cariboo, and now holds an effective 87.5% interest in the Gibraltar Mine.

Company Information

Company

TASEKO

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