Nov 14 (Reuters) - Pan American Silver Corp PAAS.TO :
* PAN AMERICAN SILVER AND TAHOE RESOURCES CREATE THE WORLD'S PREMIER SILVER MINING COMPANY
* ENTERED INTO A DEFINITIVE AGREEMENT FOR PAN AMERICAN TO ACQUIRE ALL OF OUTSTANDING SHARES OF TAHOE
* SHAREHOLDERS OF TAHOE ENTITLED TO ELECT TO RECEIVE COMMON SHARES OF CO AND/OR CASH IN EXCHANGE FOR THEIR SHARES OF TAHOE
* TAHOE SHAREHOLDERS MAY ELECT TO RECEIVE US$3.40 IN CASH OR 0.2403 PAN AMERICAN SHARES FOR EACH TAHOE SHARE
* DEAL'S BASE PURCHASE PRICE $1,.07 BILLION
* PAN AMERICAN SILVER- TAHOE SHAREHOLDERS TO RECEIVE CONTINGENT CONSIDERATION IN FORM OF CONTINGENT VALUE RIGHTS
* CONTINGENT VALUE RIGHTS WILL BE EXCHANGED FOR 0.0497 PAN AMERICAN SHARES FOR EACH TAHOE SHARE, CURRENTLY VALUED AT $221 MILLION
* BOARD OF DIRECTORS OF PAN AMERICAN HAS UNANIMOUSLY APPROVED TRANSACTION
* BOARD OF DIRECTORS OF TAHOE UNANIMOUSLY APPROVED TRANSACTION
* TOTAL CONSIDERATION, INCLUDING BASE PURCHASE PRICE AND CONTINGENT PURCHASE PRICE, IS US$4.10 PER TAHOE SHARE