Thursday, April 3, 2014

Osisko Fighting Off Goldcorp Takeover Bid

Osisko Mining appears to have found a partner to help fight off a hostile take-over bid by Goldcorp.

Osisko says it's entered into a partnership with Yamana Gold that will see the Toronto-based company acquire 50 per cent interest in Osisko and become  an equal partner in its mining and exploration projects.

The deal is valued at nearly 930-million dollars.

Goldcorp is offering 2.9 billion for Osisko.