BMO, JP Morgan: Advisory on £144m Acquisition of Trident Royalties Explained

Bank of Montreal (BMO Capital Markets) and JP Morgan have advised Deterra Royalties on its agreement to acquire Trident Royalties for £144 million.

Deterra, an iron ore mining company, will pay 49 pence per share in an all-cash offer, providing a 22.5% premium over Trident’s June 12 closing price and a 42.0% premium over the April 23 price. This strategic move aims to bolster Deterra’s