Newmont agrees to buy Goldcorp for about $10bn

Goldcorp holders were offered 0.3280 Newmont shares plus $0.02 in cash per share, a 17% premium. Newmont and Goldcorp holders would own about 65% and 35% of the group.

Why it matters. It came three months after Barrick–Randgold and triggered a hostile counter-move by Barrick.

Source

The Northern Miner

In the course

Module 9: The M&A process