Osisko Drops Suit Blocking Goldcorp's $2.6B Hostile Bid

Law360, New York (March 3, 2014, 5:49 PM EST) -- Canadian gold miner Osisko Mining Corp. on Monday agreed to drop its attempt in Quebec Superior Court to block Goldcorp Inc.'s $2.6 billion hostile takeover bid and open up its books to Goldcorp by April, hinting that another offer might be floated soon.

Under the settlement, Osisko has agreed to provide Goldcorp full due-diligence access to its business and assets immediately following the announcement of any transaction outside the normal course of its business, or in any event, no later than April 1, the companies announced...
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