"We stated from the beginning of this process that we would remain disciplined with respect to our offer to acquire Osisko"
Investors will now be watching to see if Goldcorp tries to top the joint bid.
Goldcorp's sweetened offer is straightforward, requires no formal shareholder approval and could be completed by as early as end-April.
The sweetened hostile offer for Osisko trumps friendly bid from Yamana Gold Inc.
Total consideration paid at closing to Goldcorp and Barrick was $275 million.
Gold giant was unable to negotiate the renewal of an occupancy agreement with a group of landowners.
Yamana's takes 50% for $930 million and Canada pension plan provides $550 million funding to stave of Goldcorp's hostile bid.
Chairman Ian Telfer says he’d rather quit the deal than overpay.
New deadline is Friday April 4, 2014.
Goldcorp has gained 24% since the year started.
It is not clear whether the agreement means the two firms are now in talks for a friendly takeover deal.
Net earnings hit by lower gold price.
Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.
If it goes through, the proposed deal will make Goldcorp the No. 1 gold producer in the Canadian province of Quebec.
To Silver Standard Resources.
We often hear that large gold producers are usually not the best explorers. As such, when it comes time to replenish or grow their resource base, they must look to M&A.
Sean Roosen argues entrepreneurial mid-tier companies like Osisko should attract a premium in the market, which Goldcorp is not offering.
Calls Goldcorp's offer 'opportunistic' and 'financially inadequate.'
Osisko shares have traded well above the $5.95 implied value of Goldcorp's Monday offer.
Notes the announcement by Goldcorp that it intends to commence an offer to acquire all of the outstanding common shares of Osisko. No formal offer has yet been commenced.
If it goes through, Goldcorp will be the No. 1 gold producer in the Canadian province of Quebec.
As bullion miners continue to be valued at a discount because of ongoing price volatility,
Gold sector's situation is about to get worse.
The world's biggest gold miner by market value has more than enough reasons to suffer from “Monday Blues".
Indigenous group says it was not properly consulted
Barrick and Goldcorp said to be ready to wave their Marigold mine good-bye.
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