Osisko Sues Goldcorp To Halt $2.3B Hostile Takeover Bid

Law360, New York (January 30, 2014, 1:46 PM EST) -- Montreal-based Osisko Mining Corp. said Wednesday it has filed a lawsuit to stop a hostile takeover bid by Goldcorp Inc. alleging the competing mining company misused confidential information in making its takeover attempt.

The Osisko board of directors last week unanimously rejected Vancouver-based Goldcorp’s CA$2.6 billion ($2.33 billion) offer recommending shareholders not to tender their shares.

Osisko said it has filed a lawsuit in Quebec Superior Court to enjoin Goldcorp’s bid alleging the company violated their confidentiality agreement and acted in bad faith before making its...
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