TD Securities downgraded MAG Silver (MAG) to Sell from Buy with a price target of C$28.57, up from C$28, after the company agreed to be acquired by Pan American Silver (PAAS) for a combination of cash and stock.
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Read More on MAG:
- M&A News: Pan American Silver (PAAS) Buys Rival MAG for $2.1 Billion
- Pan American Silver price target lowered to $39 from $42 at CIBC
- MAG Silver downgraded to Hold from Buy at Canaccord
- MAG Silver price target raised to $18 from $16 at Roth Capital
- Pan American Silver to acquire MAG Silver for $20.54 per share, or $2.1B