Reuters reported that Sean Roosen, CEO of Osisko Mining Corp. (TSX:OSK), said he has not spoken to anyone at Goldcorp Inc. (TSX:G,NYSE:GG) since before that company announced plans to make an “unsolicited takeover bid” for Osisko.
As quoted in the market news:
Roosen spoke to media on the sidelines of a conference in Toronto, where he urged investors to reject the offer. Osisko has called the 15% premium being offered by Goldcorp ‘very low.’
‘We are five minutes into the first game of a seven-game series. Don’t sell your stock,’ said Roosen in a lunchtime presentation at the TD Securities Mining Conference.
Vancouver-based Goldcorp, which wants control of Osisko’s Canadian Malartic gold mine in Quebec, said last week it went ahead with an unsolicited offer after a long series of frustrated attempts to engage Osisko in talks.