MIXED REACTIONS
“The reality is it’s a miserly bid,” John Ing, chief executive of Maison Placements Canada declared.
“I feel that if this deal goes through it would be a great deal for Goldcorp shareholders, and just a good deal for Osisko shareholders,” enthused “Seeking Alpha” contributor and part-time investor,” Steve Nicastro. Nevertheless, he added, that “at $135 per ounce the deal is fair but not exactly a blow-out offer.”
Dan Rollins, a RBC analyst, predicted Goldcorp will have to sweeten its bid or risk losing Osisko to a white knight with a higher bid, something Jeannes stressed to analysts that he is not prepared to do.
However, in a note published Monday, Greg Barnes of TD Securities advised he doesn’t see a high probability of a competing bid for Osisko from a major gold mining company. He estimated that the addition of Osisko would increase Goldcorp’s production this year by 17%.
Cowen Securities Adam Graf called the bid “very attractive”. Dundee Capital Markets Joseph Fazzini accused Goldcorp of “trying to be opportunistic, but such a low offers opens up the doors for one or more parties to get involved.”
“Given that we think Goldcorp wants the asset, we wouldn’t be surprised to see them sweeten their bid over time,” said Fazzini in a story published in The Globe and Mail.
|
1 |
|
3
Thread abonnieren
