Paulson no longer opposes Newmont-Goldcorp merger - Bloomberg

Mar. 25, 2019 4:38 PM ETNewmont Corporation (NEM), NGT:CANEMBy: Carl Surran, SA News Editor14 Comments
  • Paulson & Co. says it is withdrawing its opposition to the terms of a merger between Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG), after NEM promised a special dividend to its investors if the deal is approved.
  • “Paulson & Co. commends the special dividend to Newmont shareholders,” a Paulson spokesperson tells Bloomberg. “Although the dividend is small, it is a step in the right direction... We will no longer oppose the transaction.”
  • NEM shareholders Paulson & Co. and Van Eck International said last week that the merger proposal transferred to Goldcorp shareholders too much of the nearly $5B in synergies from a separate Nevada joint venture with Barrick Gold.

Recommended For You

Comments (14)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.