April 20, 2017 / 11:16 AM / 7 months ago

BRIEF-Goldcorp starts take-over bid for Exeter

April 20 (Reuters) - Goldcorp Inc :

* Goldcorp commences supported take-over bid for Exeter

* Total consideration being offered for all of issued and outstanding shares of Exeter is approximately $247 million

* Has formally commenced an offer supported by board of directors of Exeter to acquire all of issued and outstanding shares of Exeter

* Offer will be open for acceptance until 5:00 p.m. EDT on may 26, 2017

* Board of Exeter, on unanimous recommendation of its special committee, has unanimously approved Goldcorp’s acquisition of Exeter

* Board of directors of Exeter has unanimously recommended that Exeter shareholders tender their shares to offer

* All of directors and officers of Exeter, representing about 11 pct of Exeter’s outstanding shares, have agreed to tender their shares to offer Source text for Eikon: Further company coverage:

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