Glamis Gold of Reno is planning a takeover bid for Goldcorp, Owner of the Red Lake Mine, but only if Goldcorp drops its $2.4 billion offer for another Canadian firm, made in early December.
Glamis says its stock-swap offer values Goldcorp at about $3.2 billion U.S., or $17.80 U.S. a share.
Goldcorp Drawing Interest
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