Goldcorp offering to buy Osisko in stock and cash deal worth $2.6 billion
A Goldcorp sign is pictured at the annual meeting in Toronto on May 2, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim
January 13, 2014 - 4:12 AM
VANCOUVER - Vancouver-based Goldcorp Inc. (TSX:G) is offering to acquire all of Osisko Mining Corp. (TSX:OSK) in a deal that values the smaller company at $2.6 billion. Goldcorp is offering a combination of stock and cash that values Osisko at C5.95 per share, about 15 per cent above the Friday closing price. Goldcorp is one of the Canada's largest gold producers and says the acquisition of Osisko would provide it with a major mine in Quebec and other assets that provide growth potential.
News from © The Canadian Press, 2014