Market movers: Stocks seeing action on Monday and why


Source: theglobeandmail.com theglobeandmail.com

Key Topics in this News Article:

News Snapshot:

A survey of North American equities heading in both directions On the rise Shares of Vancouver-based gold exploration firm Osino Resources Corp. (OSI-X) jumped following Sunday’s announcement it will be acquired by China-based Yintai Gold in an all cash deal for $368-million. Osino will end its $287-million deal with Canadian gold miner Dundee Precious Metals, which was announced in December, and Yintai also will pay a $10-million termination fee for the deal, according to the statement. “Whilst we were appreciative of the previous offer from DPM, the all-cash offer from Yintai represents a significant premium to the DPM offer price,...