Goldcorp Extends $2.5B Osisko Bid For Quebec Court Date

Law360, New York (February 5, 2014, 2:41 PM EST) -- Goldcorp Inc. extended its CA$2.6 billion ($2.5 billion) bid Tuesday for Montreal-based Osisko Mining Corp. by more than two weeks to accommodate a March hearing for a lawsuit filed by Osisko alleging that it misused confidential information in making its takeover attempt.

The Vancouver-based mining company agreed not to purchase any Osisko stock until the hearing in Quebec Superior Court, which is scheduled to take place March 3 through March 5, according to a statement.

The lawsuit, lodged Jan. 29 by Osisko, alleges that Goldcorp violated...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.