That is a misleading statement because KLA is not being sold but...

That is a misleading statement because KLA is not being sold but a true merger is proposed, with KLA shares being absorbed into Agnico at the ratio of 1 KLA for 0.7935 Agnico. Using current prices on the TSX (AEM=$63.03) gives a merger value to KLA shareholders of C$50. However, the current SP of KLA on the TSX is C$51.38,
The "value" of KLA will continue to fluctuate according to the market pricing of KLA and AEM shares through to the actual merger. All you can say is that the market's initial reaction was negative for KLA and positive for AEM given that both companies went down overnight with the general fall in the POG, but that KLA went down more (7.76%) than AEM (1.22%).
We need to come back and check the share prices in a couple of weeks in order to assess the market's reaction after the initial reaction has dissipated.

The KLA SP has gone against the trend for gold in the past week, for no apparent reason but obviously the speculators picked up wind of a takeover and bought in anticipation. Their mistake, since with the merger there is no premium for KLA holders, unlike what would have happened with a takeover.

I am more interested in whether the ASX listing will be maintained. Probably yes, but there was no reference in the announcement about this.With 1M shares listed on the ASX for a MC of $60M at yesterday's close; this is small cheese in KLA's equity and even less significant in the merged company.