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January 20, 2014
20:12 EDTGGOsisko Mining recommends holders reject Goldcorp takeover bid
Osisko Mining announces that its board, on the recommendation of its Special Committee, unanimously recommends that Osisko shareholders reject the hostile takeover bid launched by Goldcorp (GG) on January 14. The company said in part, "Goldcorp’s Offer significantly undervalues Osisko’s world-class Canadian Malartic mine, and the rest of the Company’s portfolio of high-potential projects in North America. The premium offered by Goldcorp, as well as the transaction multiples implied by the offer, are both significantly below the relevant precedents...It is important to note that, while Osisko has had several preliminary discussions with Goldcorp over the past five years, those discussions have never led to a credible proposal from Goldcorp. Instead, Osisko has been presented with highly conditional and non-binding proposals that offered inadequate premiums, and value propositions which did not warrant further consideration or engagement by Osisko. The current Goldcorp Offer implied a meager 15% premium at the time of announcement and is significantly less today."
News For GG From The Last 14 Days
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October 5, 2015
17:59 EDTGGGoldcorp resumes work at Cerro Negro mine
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11:33 EDTGGStocks with call strike movement; TWTR GG
Twitter (TWTR) December 32 call option implied volatility decreased 4% to 55, Goldcorp (GG) January 15 call option implied volatility decreased 2% to 53 according to IVolatility.
October 2, 2015
18:03 EDTGGGoldcorp announces work stoppage at Cerro Negro mine
Goldcorp announced a work stoppage by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation at the Cerro Negro mine. A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following the return of the workforce. Our focus is on personnel safety, environmental protection and full permit compliance. The work stoppage began on September 30, 2015. The Company is seeking support from the Ministry of Labour at the federal level to request a conciliation period of fifteen working days during which time the parties would expect to negotiate and work towards a resolution. Assuming the request is granted, the workers would be expected to resume work in short order while the parties meet. Goldcorp is committed to working cooperatively with employee representatives and government officials to resolve this dispute quickly.

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