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Osisko Shareholder Says Goldcorp’s Hostile Offer Will Succeed

Goldcorp Inc.’s C$2.72 billion ($2.43 billion) hostile bid for Canada’s Osisko Mining Corp. has priced in the gold market and will succeed, said the chairman of Sprott Asset Management, an Osisko shareholder.

“The bid has fully priced in current gold prices and will yield Goldcorp tremendous benefit down the road at higher gold prices,” Rick Rule said today in a telephone interview. “It’s a vindication of what the team at Osisko has done.”