Osisko CEO says likely Goldcorp will walk away from deal - Reuters
The chief executive of Osisko Mining Corp said on Tuesday it will be tough for Goldcorp Inc to raise its bid for Osisko by enough to trump a rival deal, and it is more likely that the gold producer will walk away from the transaction, Reuters reports. Last week Osisko unveiled a "white knight" bid by fellow Canadian miner Yamana Gold Inc for 50 percent of its assets. As part of the Yamana deal, Osisko entered into funding arrangements totaling $550 million with CPPIB Credit Investments and the Caisse de dépôt et placement du Québec.
8 April 2014•2 mins read
