Agnico Eagle Mines (AEM) down on Osisko buy

Agnico Eagle Mines Limited (NYSE: AEM) shares faded 2.7% to $29.67, on word the company and Yamana Gold Inc. have entered into an agreement pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko's issued and outstanding common shares for a total consideration of approximately C$3.9 billion or C$8.15 per share. Share volume was 59,000, compared to an all-day average of 478,000