Deals
Goldcorp Shareholders Approve Newmont’s $10 Billion Takeover Bid
- Glass Lewis and ISS had recommended shareholders support deal
- The transaction could be the largest gold merger in history
Dump trucks haul soil away from a pit at the Yanacocha gold mine in Cajamarca, Peru, on Thursday, Oct. 15, 2015.
Photographer: Dado Galdieri/Bloomberg
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The fate of a $10 billion mega-merger rests with Newmont Mining Corp. investors after Goldcorp Inc. shareholders overwhelmingly approved what could be the largest deal in gold mining history.
Greater than 97 percent of Goldcorp shareholders voted for the merger at a special meeting in Vancouver, the miner said Thursday in a statement. The deal would see Colorado-based Newmont pay 0.3280 of its shares for each Goldcorp share, plus two cents. The Goldcorp ballot required at least two-thirds of shareholders who voted to approve the deal.