Coeur d’Alene Mines Corp. (NYSE: CDE) offered to buy Orko Silver Corp. (NSX: OK) in a deal valued at $381.9 million.

First Majestic Silver Corp. had already agreed to buy the company for $384.9 million in December, but Orko determined that Coeur’s offer was better. First Majestic has until Feb. 19 to respond.

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