Goldcorp Acquires Andean Resources, Shares Fall

Goldcorp Inc (NYSE: GG) has signed an agreement with Andean Resources Ltd to purchase all the remaining shares of Andean Resources Ltd for a sum of around $3.6 billion CAD ($3.4 billion).

The deal values the shares of Andean Resources Ltd at a 35% premium to its Toronto’s closing price on September 2.

GG’s shares lost 2.85% to $42.55 at 9:33 am.

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