Wednesday, January 15, 2014

Osisko Rejects Goldcorp Offer

Osisko is resisting a takeover bid from Goldcorp.

Earlier this week, Goldcorp made an offer of 2.6 billion dollars in cash and stock for Osisko.

Osisko calls the offer very low and opportunistic.

The board of the mining company is urging shareholders to hold off from accepting Goldcorp's
offer until they have a chance to make a recommendation on the proposal.