BUZZ-Tahoe Resources Inc: Goldcorp to sell stake in C$1 bln bought deal

Mon Jun 15, 2015 5:09pm EDT
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** Mine operator's shares down 9.8 pct at $13.53 after market

** Goldcorp Inc to sell its 25.6 percent stake in Tahoe for C$998.5 mln ($811.26 mln) in a bought deal, the two precious metals producers say

** GMP Securities and BMO Capital Markets will act as joint bookrunners on deal, which will involve sale of Goldcorp's 58 mln Tahoe shares at a price of C$17.20 each

** Up to Monday's close, Tahoe's stock had risen 8.2 pct this year

($1 = 1.2308 Canadian dollars)