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Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:26 EDTAUY, AEM, GGYamana Gold and Agnico-Eagle reach acquisition agreement with Osisko Mining
Yamana Gold (AUY), Agnico Eagle Mines (AEM) and Osisko Mining have entered into an agreement pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko's issued and outstanding common shares for a total consideration of approximately CAN3.9B or CAN8.15 per share. The total offer consists of approximately CAN1.0B in cash, approximately CAN2.33B in Yamana and Agnico Eagle shares, and shares of a new company with an implied value of approximately CAN575M. The offer represents approximately an 11% premium to the implied value of the current Goldcorp (GG) hostile bid.
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