Goldcorp says bid for Osisko will expire Tuesday, signals end to takeover battle

VANCOUVER – Goldcorp Inc. (TSX:G) says it won’t change its latest offer for Osisko Mining (TSX:OSK) and will let it expire at the end of Tuesday. The Vancouver-based company appears to be walking away from a hostile takeover attempt for Osisko, which always maintained Goldcorp’s offer was too low. Montreal-based Osisko received a rival friendly offer worth about $3.9 billion last week from Yamana Gold (TSX:YRI) and Agnico Eagle mines Ltd. (TSX:AEM). Their offer valued Osisko about eight per cent above Goldcorp’s latest bid, worth $3.6 billion as of last week— up from the initial offer of $2.6 billion in January.