Hudbay agrees to buy Arizona Sonoran Copper for about C$1.48bn

Hudbay will issue 0.242 of its shares for each Arizona Sonoran share it does not own, worth C$9.35 and a 30% premium. Hudbay already held about 9.99%. The deal combines the Cactus project with Hudbay’s Copper World in Arizona. It completed in June 2026.

Why it matters. A toehold stake gives a buyer information and a head start before it bids for the rest.

Source

MINING.COM

In the course

Module 9: The M&A process