Sprott Asset Management, the unit run by Wilson, has made an offer to buy Central GoldTrust and Silver Bullion Trust via a share swap valued at about $898 million. The offer for the Canadian trusts, which buy and hold gold and silver, expires in July.
Sprott would consider opportunities similar to its proposal for the two trusts should they come up, Wilson said.
“I expect acquisitions, tuck-ins or larger,” Scott Chan, an analyst at Canaccord Genuity Corp. in Toronto, said by phone. “Sprott’s been looking at acquisitions, they have a strong balance sheet. They have the people to manage C$15 billion, they’re just half-way there.”
Sprott carries no debt and had C$119
- Source, Bloomberg