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Goldcorp to sell remaining Tahoe Resources stake in C$998M bought deal

Jun. 15, 2015 4:44 PM ETTahoe Resources Inc. (TAHO) StockBy: Carl Surran, SA News Editor6 Comments
  • Tahoe Resources (NYSE:TAHO) -6.9% AH after announcing a secondary offering by Goldcorp (GG), on a bought deal basis, of ~58M common shares of TAHO at a price of C$17.20/share for gross proceeds of C$998M.
  • TAHO says the offering represents the sale of all of GG's interest in the company, and it will not receive any of the proceeds from the offering.
  • GG says the sale supports its strategy of divesting non-core assets.

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