Opinion ID: 2189591
Heading Depth: 1
Heading Rank: 4

Heading: Subsequent Merger

Text: On February 9, 1998, Amax Gold announced that it intended to merge with Kinross, an unaffiliated third-party, in an arms'-length merger. On June 1, 1998, Amax Gold merged with and into Kinross Merger Corp. (Merger Corp.), a wholly owned subsidiary of Kinross (the Kinross Merger). Prior to the merger, Kinross was traded on the New York and Toronto stock exchanges and had assets of $461 million and annual revenues of $183 million. Kinross and Merger Corp. were both unrelated to Amax Gold prior to and at the time of the merger. After the Kinross Merger, in September 1998, Amax Gold changed its name to Kinam Gold, Inc. [3] Pursuant to the Kinross Merger, shares of Amax Gold, including the shares owned by the plaintiff, were converted into the right to receive shares of Kinross. As a result of the Kinross Merger, Amax Gold is a wholly owned subsidiary of Kinross. Although the plaintiff no longer owns any shares of Amax Gold, she presumably still owns shares of Amax Gold's parent company, Kinross.