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  5. KL: Good Morning, Could you explain why KL is selling above the proposed sale/merger price AEM is offering? [Kirkland Lake Gold Ltd.]
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Q: Good Morning, Could you explain why KL is selling above the proposed sale/merger price AEM is offering? Do you think there could be an increased offer from another company?
Thank you, Mike

Asked by Mike on September 30, 2021
5i Research Answer:

It is possible, or the offer could simply be rejected by shareholders. Despite the long term benefits of the merger, KL shareholders are likely quite disappointed by the low premium.