Gold Fields Limited (GFI) has entered into a definitive agreement to acquire all issued and outstanding common shares of Osisko Mining Inc. (OSK.TO) for C$4.90 per share, in a wholly cash transaction valued at approximately C$2.16 billion on a fully diluted basis.
This offer represents a premium of roughly 55% over the 20-day volume-weighted average trading price per share on the Toronto Stock Exchange (TSX) for the period ending August 9, 2024, the last trading day before the announcement of this transaction.
The board of directors of Osisko has unanimously recommended that its shareholders vote in favor of the acquisition.
The transaction is expected to be finalized in the fourth quarter of 2024. Following the conclusion of the deal, it is anticipated that Osisko's shares will be delisted from the TSX, and Osisko will no longer be a reporting issuer under applicable Canadian securities regulations.
