Independence Group A$2.7 billion acquisition of Sirius Resources

Overview:

• Independence Group has acquired Sirius Resources for A$2.7 billion.
• Sirius shareholders will receive 0.66 IGO shares and A$0.52 cash per Sirius share.
• They will also receive 1 S2 share for every 2.5 Sirius shares held.
• This deal is the largest public M&A transaction by deal value in the mining sector since 2011. 

Katrin Kostadinova - Data analyst