November 14, 2018 / 8:48 AM / a month ago

Pan American Silver to buy Tahoe Resources for $1.07 bln

Nov 14 (Reuters) - Silver producer Pan American Silver Corp said on Wednesday it agreed to buy gold and silver miner Tahoe Resources Inc in a cash and stock deal for a base purchase price of $1.07 billion.

Tahoe shareholders may choose to receive $3.40 in cash or 0.2403 Pan American shares for each Tahoe share held, the company said.

Reporting by Bhargav Acharya in Bengaluru; Editing by Sunil Nair

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