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4/10/14

Goldcorp (GG) should win with this one

Goldcorp increases offer for Osisko to C$7.65 per share in cash and Goldcorp shares

VANCOUVER, April 10, 2014 /CNW/ - GOLDCORP INC. (TSX: G) (NYSE: GG) today announced that it intends to increase its previously-announced offer to acquire all of the outstanding common shares of Osisko Mining Corporation ("Osisko") (TSX: OSK, Deutsche Boerse: EWX) to C$7.65 per Osisko share for a total consideration of approximately C$3.6 billion (the "Offer").

Osisko shareholders who tender to the offer will be entitled to receive 0.17 of a Goldcorp common share plus an increase in the cash portion of the Offer to a total of C$2.92 for each Osisko common share. The Offer represents a premium to the closing price of Osisko on April 9, 2014 and a superior alternative to the other proposal.

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