Metals and Mining
Goldcorp to Buy Andean for $3.4 Billion
Stock quotes in this article:GG
VANCOUVER (TheStreet) -- Goldcorp(GG) said Friday it agreed to acquire Andean Resources, the Australian gold miner, for about $3.6 billion ($3.4 billion).
Andean's principal asset is the 100%-owned Cerro Negro gold project, an advanced-stage, high-grade vein system in the Santa Cruz province of Argentina, the companies said in a press release. Goldcorp's cash and stock offer of C$6.50 for Andean trumps a rival all-stock bid of C$6.36 from Eldorado Gold(EGO). The acquisition is expected to close in late 2010 or early 2011. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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