Osisko CEO Makes Case Against Goldcorp Takeover

Sean Roosen, CEO of Osisko Mining Corp. (TSX:OSK), told Bloomberg in an interview that there is a “clear” argument for his company to remain independent of Goldcorp Inc. (TSX:G,NYSE:GG), which recently launched a hostile takeover bid for the company.

As quoted in the market news:

‘We believe very much in a standalone situation at this point in time,’ Roosen said today in a phone interview. ‘This is a brand-new mine that we just commissioned; it just had its best month ever and the month before that was the best month ever.’

‘The value case for continuing on a standalone basis is pretty clear and concise,’ Roosen said. ‘That said, shareholders have their own individual motivations and reasons and we’ll manage the company according to the will of the shareholders.’

Click here to read the full Bloomberg report.