Osisko Urges Patience Over Goldcorp's $2.6B Takeover Bid

Law360, New York (March 11, 2014, 2:52 PM EDT) -- Osisko Mining Corp. on Monday responded to Goldcorp Inc.'s announcement that its hostile takeover offer will expire on March 21, urging shareholders to be patient as it continues to seeks an alternative plan.

On Monday, Goldcorp released a statement saying that it had extended its offer to acquire all of the outstanding common shares of Osisko for CA$2.26 (US$2.04) per share, until March 21. Osisko countered with a news release of its own, reminding shareholders that a settlement agreement between the two companies stipulates that Goldcorp...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.