DOWNLOAD ~ Osisko Announces Friendly Take over BID to Acquire Brett Resources ~ by ENP Newswire ~ eBook PDF Kindle ePub Free
eBook details
- Title: Osisko Announces Friendly Take over BID to Acquire Brett Resources
- Author : ENP Newswire
- Release Date : January 23, 2010
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 63 KB
Description
ENPNewswire-23 March 2010-OSISKO ANNOUNCES FRIENDLY TAKE OVER BID TO ACQUIRE BRETT RESOURCES(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 22032010 - Osisko Mining Corporation ('Osisko') (TSX:OSK) (FRANKFURT:EWX) and Brett Resources Inc. ('Brett') (TSX Venture:BBR) (FRANKFURT: A4N) jointly announce that they have entered into a definitive support agreement pursuant to which Osisko will offer to acquire (the 'Offer') all of the issued and outstanding common shares of Brett (the 'Shares'). Osisko has agreed to offer shareholders of Brett (the 'Shareholders') 0.34 of an Osisko common share for each common share of Brett held. The consideration under the Offer represents a premium of 52.5% using the 20-day volume weighted average prices of Osisko and Brett on the TSX and TSX Venture, respectively for the 20 trading day period ending March 16, 2010. The value of the total consideration offered to the Shareholders is approximately $372 million calculated on a fully-diluted basis, implying an enterprise value of approximately $308 million. The boards of directors of both companies have unanimously approved this transaction and the board of directors of Brett will recommend that Shareholders tender to the Offer.
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