Overview
- Zijin agreed to pay C$44 in cash for each Allied share under a definitive arrangement agreement signed on January 26, 2026.
- The buyer plans to fund the purchase from existing cash with no financing condition.
- The transaction will proceed via an Ontario Plan of Arrangement and includes customary protections plus a C$220 million termination fee.
- Allied’s board unanimously recommended the deal after a Special Committee process, with directors and officers holding about 15.4% backing it through voting agreements.
- Closing is targeted for late April 2026 pending shareholder and court approvals and regulatory clearances, including review under Canada’s Investment Canada Act, after which Allied expects to be delisted from the TSX and NYSE.