Osisko Mining Corp said on Tuesday a Quebec court has scheduled a hearing in early March to decide if its complaints against Goldcorp Inc, which has made a C$2.6 billion ($2.35 billion) hostile bid for Osisko, have merit. Osisko said last week it had sued Goldcorp in an attempt to foil the gold miner's bid, alleging that its suitor misused confidential information. Osisko has already advised its shareholders to reject the bid.The hearing in the Quebec Superior Court has been set for March 3-5.A Goldcorp spokeswoman said Goldcorp's bid, which is scheduled to expire on Feb. 19, would need to be extended.Osisko said Goldcorp had undertaken not to take up and pay for Osisko shares tendered to the bid until the court's judgment was released.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of G traded higher by 1.24% or $0.34/share to $27.82. In the past year, the shares have traded as low as $21.87 and as high as $36.50. On average, 2977730 shares of G.TO exchange hands on a given day and today's volume is recorded at 3994637.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of GG traded higher by 1.49% or $0.37/share to $25.12. In the past year, the shares have traded as low as $20.54 and as high as $36.46. On average, 8123800 shares of GG exchange hands on a given day and today's volume is recorded at 8068186.
Osisko Mining Corporation is engaged in the business of acquiring, exploring, developing and operating gold properties, with interests substantially in Canada. Shares of OSK remained unchanged at $6.59. In the past year, the shares have traded as low as $2.98 and as high as $7.09. On average, 4273840 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 4041177.
Source
