- Yamana Gold (AUY +1.7%) and Osisko Mining (OSKFF +3%) announce a partnership in which AUY will acquire a 50% interest in Osisko's mining and exploration assets for C$441.5M in cash and 95.7M AUY common shares having an aggregate value of C$929.6M.
- AUY will become an equal partner in all of Osisko's mining and exploration assets; Osisko will continue to operate the Canadian Malartic Mine and all other projects under the guidance of a joint operating committee.
- AUY is stepping in as Osisko's white knight as the latter attempts to fight off a hostile takeover bid by Goldcorp (GG +2.9%), but the deal is complicated and will require some selling to shareholders.
From other sites
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 30, 2014)
at CNBC.com (Dec 22, 2014)
at CNBC.com (Dec 3, 2014)
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