Minera Frisco may acquire 40.2% of additional equity in miner, Minera Tayahua, The Wall Street Journal reports. Frisco is also planning to issue about 250 million new shares at an expected price of $4.47 per share if the Tayahua deal is completed.
The minority shareholders of Tayahua may acquire about 120.3 million Frisco shares if they are not bought by the current shareholders. Frisco, which was spun off from Carlos Slim’s conglomerate Grupo Carso and began trading on Jan. 6, 2011, already owns 51% of Tayahua.
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