03:44 PM EST - Thompson Creek Metals Company Inc. : announced that it has entered into a definitive agreement to acquire all of the issued and outstanding equity of Terrane Metals Corp. Under the Arrangement, holders of Terrane shares will receive $0.90 in cash and 0.052 Thompson Creek common shares per Terrane share. The consideration implies an offer value of $1.41 per Terrane share based on Thompson Creek's closing price on the Toronto Stock Exchange of $9.90 per share on July 14. The total value of the consideration offered to the shareholders of Terrane is about $650 million. Thompson Creek Metals Company Inc.
shares T.TCM are trading down $0.57 at $9.33.
