Altius Renewable Royalties (TSE:ARR) has released an update.
Altius Renewable Royalties Corp. has reached a definitive agreement for its acquisition by Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC, offering a significant premium to ARR’s minority shareholders. Under the agreement, minority shareholders will receive $12.00 per share, a 28% and 29% premium over recent closing and 20-day VWAP prices, respectively. This acquisition will result in a new distribution of ARR shares, with the purchaser holding 43% and Altius Minerals 57%.
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