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Stock Market & Financial Investment News

News Breaks
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 30, 2014
08:14 EDTGGGoldcorp backs 2014 production view 2.95M-3.1M gold ounces
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08:13 EDTGGGoldcorp reports Q3 adjusted EPS 9c, consensus 18c
Reports Q3 adjusted revenue $1.1B, consensus $1.05B. Reports Q3 gold sales of 641,400 ounces on gold production of 651,700 ounces.

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