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Stock Market & Financial Investment News

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June 2, 2014
14:04 EDTAEM, AUYOsisko holders approve acquisition by Agnico-Eagle, Yamana Gold
Osisko Mining announced that the plan of arrangement, pursuant to which Agnico Eagle Mines (AEM) and Yamana Gold (AUY) will acquire all the issued and outstanding common shares of Osisko was approved by shareholders with approximately 99.80% of the votes cast at the annual and special meeting held on May 30 voting in favor of the arrangement. Under the arrangement, each outstanding common share of Osisko will be exchanged for C$2.09 in cash, 0.07264 of a common share of Agnico Eagle, 0.26471 of a common share of Yamana, and one common share of "New Osisko," a newly formed company that will acquire certain assets of Osisko. The arrangement is expected to close during the month of June.
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