GG's bid for Andean

This morning, Goldcorp (GG) placed a bid to acquire Andean Resources (ASX:AND, TSX:AND) for $3.4B, which values AND's gold reserves at $1,619/oz.

Depending on how investors see this bullish price (are they grossly overpaying?), GG's price could suffer.

Gold's trading at ~$1,380
GG is up ~3.0% since the open

Source:
Seeking Alpha