South Africa's Gold Fields to acquire Canadian miner Osisko for $1.57 bln (updated)

Osisko Mining

12/08/2024 06:16

(Adds detail paragraph 2)
       Aug 12 (Reuters) - Gold Fields Ltd  GFIJ.J  has agreed
to acquire Osisko Mining  OSK.TO  for about C$2.16 billion
($1.57 billion) on a fully diluted basis, the Canadian firm said
on Monday. 
    The Johannesburg-based gold producer said it will pay the
Canadian miner C$4.90 per share, a 55% premium to Osisko's
August 9 trading price, it said in a statement. 

    ($1 = 1.3731 Canadian dollars)

 (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by
Mrigank Dhaniwala and Tom Hogue)
 ((Abinaya.V@thomsonreuters.com;))