Goldcorp. is offering $1.5-billion in a friendly bid to buyout Gold Eagle Mines Ltd., the junior miner that made the Bruce Channel discovery near Goldcorp's existing mines in Northern Ontario.
The cash-and-stock offer, which values Gold Eagle at about $12.62 a share, is conditional on the acceptance of at least two-thirds of Gold Eagle's shareholders. Gold Eagle last traded at $10.58 on Wednesday.
General Electric (GE) the world’s second-largest company plans to offer at least $12 billion through a common stock offering to the public - scheduled to be priced ahead of Thursday’s market open. In addition, GE announced that it has reached agreement to sell $3 billion of perpetual preferred stock in a private offering to Warren [...]
It's long been said that the America relies on the kindness of foreigners to fund it's ever-growing current account deficit. By the same token, our dependence on overseas investors and lenders also makes us vulnerable to external pressures that could be at odds with domestic needs and goals. If you read between the lines of the following report by Bloomberg's Dawn Kopecki, "Fannie's Mudd Soothed Asian Investors as Bonds Rose," you get the distinct impression that the impetus behind the scramble to bail out the nation's largest mortgage lenders might have been a bit of economic blackmail by those our nation is financially beholden to (italics mine).Fannie Mae Chief Executive Officer Daniel[More...]
Goldcorp Inc. (NYSE: GG, TSX: G) and Gold Eagle Mines Ltd. (TSX: GEA) today announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle.