Agence France-PresseApril 10, 2014 08:34
Canadian mining giant Goldcorp upped its hostile takeover bid for rival Osisko Mining Corp. on Thursday to about Can$3.6 billion (US$3.3 billion).
The new offer consists of Can$7.65 per share, the Vancouver-based company said.
In January, Osisko had rejected Goldcorp's previous offer of Can$5.95 per share, or Can$2.6 billion, calling it insufficient.
"Goldcorp's increased offer represents straightforward and superior value for Osisko shareholders," Goldcorp President and Chief Executive Chuck Jeannes said in a statement.