Gold Consolidation Fight Moves to Texas

Associated Press
Gold Consolidation Fight Moves to Texas
Wednesday January 26, 12:35 am ET
By David Koenig, AP Business Writer
Three-Way Fight Over Gold Industry Consolidation Moves to Texas

DALLAS (AP) -- A three-way brawl has broken out among three gold-mining companies, each seeking to survive in an industry increasingly dominated by larger rivals.

Last month, Goldcorp Inc. made a $2.1 billion stock offer for fellow Canadian operator Wheaton River Minerals Ltd, but American upstart Glamis Gold Ltd. jumped in two weeks later with a hostile bid for Goldcorp, which is twice its size.

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