TSX- and NYSE-listed Tahoe Resources on Friday reported that the Supreme Court of British Columbia had approved the proposed transaction whereby Pan American Silver Corporation intends to acquire all of Tahoe’s shares.
Both companies’ shareholders have approved the transaction, which is set to be completed on or around February 26, once the Mexican Federal Economic Competition Commission has given its stamp of approval.
Tahoe is a midtier precious metals producer with projects in Canada, Guatemala and Peru.