SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SKARLOEY who wrote (323)1/27/2005 11:30:01 PM
From: LindaSawyer  Read Replies (1) of 350
 
I agree with you that 4:1 isn’t a fair exchange but considering what happened with IAG and CDE last year – neither of which could hold a candle to this latest suitor – I’m willing to overlook the somewhat less than optimal exchange. Wheaton has been looking to acquire, and has been courted by inferior miners, and, if we don’t accept the Goldcorp deal – which I think is an excellent combination – we may very well wind up being gobbled up by another miner that isn’t as good a fit.

So, even though I agree with your assessment about the 4:1 exchange (3:1 is far more equitable), I’ve already tendered and am hoping, and assuming, the GG/WHT merger is going to succeed. Long term, the quibbling about the exchange will seem pretty irrelevant when we’re stockholders in the powerhouse the combination will represent.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext