Form 6-K GOLDCORP INC For: Jan 16
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Goldcorp (GG) to Acquire Probe Mines in C$526M Deal
January 20, 2015 8:58 AM ESTGoldcorp (NYSE: GG) announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement (the "Arrangement"), all the outstanding shares of Probe. The total consideration for the purchase is approximately C$526 million.
Under the Arrangement, each common share of Probe not owned by Goldcorp will be exchanged for 0.1755 common shares of Goldcorp. Goldcorp currently owns 8.4 million shares of Probe representing 9.3% of the basic shares outstanding. Based on the closing price of Goldcorp's common shares on the TSX on January 16, 2015, the transaction values each Probe share at C$5.00. The consideration received by... More
