Osisko says Goldcorp takeover bid "very low"

|About: Osisko Mng Inc (OBNNF)|By:, SA News Editor

Osisko Mining (OSKFF -0.6%) says it has received and is reviewing Goldcorp's (GG -1.5%) hostile C$2.6B takeover proposal but views the 15% premium implied by the offer as "very low" and "opportunistic."

Osisko says it has formed a special committee to study the offer and will communicate with shareholders "as appropriate."

The deal, if completed, would be the largest in the global gold mining sector since late 2011.