Wheaton River Minerals (WRM Toronto) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: SKARLOEY	1/21/2005 12:18:09 PM
	of 350

wht and gg look like they want this merger to go through and i think it will happen...price of both stocks are sure to go much higher!!! Associated Press Goldcorp Encourages Vote on Wheaton Sale Friday January 21, 11:03 am ET Goldcorp Encourages Shareholders to Reject Glamis Takeover in Favor of Deal With Wheaton NEW YORK (AP) -- Toronto-based gold miner Goldcorp Inc. on Friday said it is recommending that shareholders reject the hostile takeover bid from Glamis Gold Ltd. and vote in favor of the proposed sale of the company to Wheaton River Minerals Ltd.. ADVERTISEMENT In December, Reno, Nev.'s Glamis made a $3.4 billion stock swap offer for Goldcorp after the company agreed to be acquired for $2.2 billion by Wheaton, which is based in Vancouver. At the time, Goldcorp said it agreed with Wheaton on a $35 million breakup fee if the deal were to fall through. If the transaction goes through, it would create a mine with expected 2005 production of more than 1.1 million ounces of gold, plus substantial copper production from Wheaton. In encouraging shareholders to vote at the Jan. 31 meeting for the Wheaton deal, Goldcorp said that the transaction would have a lower risk profile, enhance trading liquidity, and be "accretive to key valuation metrics." In morning trading, Goldcorp shares rose 16 cents to $14.49 on the Nasdaq while Glamis shares rose 28 cents to $16.55 on the New York Stock Exchange and Wheaton shares grew by 5 cents to $3.19 on the American Stock Exchange.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next