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Goldcorp pays 49% premium to acquire Probe Mines
Goldcorp Expands Porcupine District with Acquisition of Probe Mines Ltd.
Company Press Release
via PR Newswire and Yahoo Finance
Monday, January 19, 2015
VANCOUVER, British Columbia, Canada -- Goldcorp and Probe Mines Ltd. today announced an agreement whereby Goldcorp will acquire, through a friendly plan of 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 percent of the basic shares outstanding. Based on the closing price of Goldcorp's common shares on the Toronto Stock Exchange on Jan. 16, the transaction values each Probe share at C$5. The consideration received by Probe shareholders represents a 49 percent premium to the closing price of Probe on Jan. 16. ...
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