Osisko Mining Inc. has announced that it has entered into a definitive arrangement agreement dated August 12, 2024 pursuant to which Gold Fields Limited, through a 100% owned Canadian subsidiary, has agreed to acquire all of the issued and outstanding common shares of Osisko at a price of C$4.90 per share, in an all-cash transaction valued at approximately C$2.16 billion on a fully diluted basis. The transaction will be completed by way of a statutory plan of arrangement under the Business Corporations Act (Ontario).
Bennett Jones is acting as legal advisor to Osisko.
The Bennett Jones team on the transaction is led by Sander Grieve and Andrew Disipio (M&A, Mining and Securities) and includes Yohanna Laurensia, Benjamin Gal, Oscar Crawford-Ritchie, Tatiana Henkenhaf (M&A, Mining and Securities), Zirjan Derwa (Competition), Philip Ward (Tax), Talia Bregman (Employment), Susan Seller (Benefits), Sharon Singh (Environmental) and Simon Grant (Financial Services).
Read the transaction press release.