Goldcorp (T.G) extends Osisko (T.OSK) takeover offer, still in play despite Yamana deal

Canadian Press, The Canadian Press
1 Comment| April 3, 2014


VANCOUVER - Vancouver-based Goldcorp (TSX:T.G, Stock Forum) is extending its takeover offer for Osisko Mining (TSX:T.OSK, Stock Forum) until 5 p.m. on April 15.

 

The announcement came a day after a rival offer from Toronto-based Yamana Gold Inc. (TSX:T.YRI, Stock Forum), which wants to buy a half-share of Osisko's mining assets with support from Osisko's board of directors and two of Canada's largest pension funds.

 

Yamana's offer values Osisko at about $3.4 billion.

 

Goldcorp says it will continue to examine the rival offer and conduct its due-diligence investigations of Osisko and its main asset, the Canada Malartic gold mine in Quebec.


Tags: GOLD

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FindMyMine
Check out a satellite view of Canadian Malartic Gold Mine and more information about this property here: http://www.findmymine.com/fmm/info/mine/osisko-mining-corp/canadian-malartic-gold-project
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April 3, 2014
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