BRIEF-Goldcorp announces offer to acquire Osisko for C$2.6 bln

Mon, 13 Jan - 9:44pm

Jan 13 (Reuters) - Goldcorp Inc G.TO :

* Announces offer to acquire Osisko for C$5.95 per share in cash and shares

* Deal for about C$2.6 billion

* Says offer will not require the approval of Goldcorp's shareholders

* Deal immediately accretive on key per-share metrics, free cash flow,

operating cash flow, net asset value, gold production,gold reserves

* Offer represents premium of 15% over Osisko's closing price on January 10,

2014

* Under terms of offer, Osisko shareholders will be entitled to get 0.146 of a

Goldcorp share plus C$2.26 in cash for each Osisko common share

* Co has obtained $1.25 billion non-revolving term credit facility from

scotiabank which

* Credit facility, cash on hand of about $620 million and an undrawn $2 billion

credit facility will be sufficient to fund cash portion of the offer

* Source text for Eikon News Search ID:nPn5rZ6YB

* Further company coverage G.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140113:nASA08LLT:11
Topics: 
CMPNY CA PREC MINE METL BLR DEAL1 RTRS MIN GDM RESF BMAT FIN REGS MINMTL MEMI US RES MET FINS COM LEN MRG BACT MTAL AMERS

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