Newmont shareholders OK Goldcorp deal, creating biggest gold producer

|About: Goldcorp Inc. (GG)|By:, SA News Editor

Newmont Mining (NEM -1.1%) shareholders approve the company's $10B takeover of Goldcorp (GG -0.9%), creating the world’s biggest gold producer; GG shareholders approved the deal a week ago.

NEM says 98% of votes at a special meeting supported its proposal to issue new stock to fund the takeover.

The new company, to be called Newmont Goldcorp, expects to shed $1B-$1.5B in assets to focus on its most promising operations.

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