Goldcorp, Agnico And Kinross Potential Suitors For Meridian

Meridian Gold Inc.’s (MDG) defense plan against a hostile takeover bid from a combined Yamana Gold Inc. (AUY) and Northern Orion Resources Inc. (NTO) will likely include an emphasis on the strength of its properties, Raymond James analyst Paul O’Brien said in a note to clients.

This could serve to hold off the unsolicited offer and/or extract further value from Yamana or a white knight bidder.

Goldcorp Inc. (GG), Agnico-Eagle Mines Ltd. (AEM) and Kinross Gold Corp. (KGC) are potential suitors for Meridian given their exposure to certain metals and geographical positioning, Mr. O’Brien added.