- 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.