The transaction is sourced from a Form 6-K filing with the SEC, filed via SEC EDGAR and published on June 20, 2023. The deal's current status is pending regulatory approval.
On the financial advisory side, Haywood Securities Inc. provided a fairness opinion to the Special Committee of Rockcliff, the target, stating that the consideration to be received by Rockcliff shareholders under the arrangement is fair from a financial point of view, with INFOR Financial providing a parallel fairness opinion to the full Board per the same source sentence. Separately, INFOR Financial is also identified as acting as financial advisor to Rockcliff in a lead capacity, while National Bank Financial acted as financial advisor to Hudbay, the acquirer, also in a lead capacity.
On the legal side, Peterson McVicar LLP acted as legal counsel to Rockcliff, the target, while Goodmans LLP acted as legal counsel to Hudbay, the acquirer.
Beyond the all-stock consideration structure implied by the plan of arrangement subtype, with a disclosed deal value of $13,000,000, no further detail on the specific exchange ratio is provided in the facts block.
Several items are not disclosed in the available record. No further structural detail beyond the all-stock plan of arrangement classification and disclosed value is given, and no expected closing date or further timeline detail beyond the June 2023 filing date and pending-regulatory status is provided.