Thursday, April 3, 2014

Osisko Signs Partnership To Fend Off Goldcorp Takeover

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.

Goldcorp is offering $2.9. billion for Osisko.