Wheaton River and Goldcorp sign definitive merger agreement
12/24/04
Dec 24, 2004 (M2 EQUITYBITES via COMTEX) --
Wheaton River Minerals Ltd. (TSX:WRM) (AMEX:WHT) has announced that it has signed a definitive agreement with Goldcorp Inc. for the combination of Wheaton River and Goldcorp.
The combination will be effected through a share exchange takeover bid in which Goldcorp will offer one common share of Goldcorp for every four common shares of Wheaton River.
The companies have satisfactorily completed their due diligence investigations and the Board of Directors of Wheaton River has received an opinion from Merrill Lynch that the exchange ratio under the offer is fair, from a financial perspective, to Wheaton shareholders.
Wheaton River will be entitled to a USD35m termination fee if the Goldcorp shareholders do not approve the share issuance, or if the Goldcorp offer is not completed and an acquisition proposal for Goldcorp is completed on or prior to 30 September 2005.
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