VANCOUVER - Investors are raising concerns about Newmont Mining Corp.’s proposed takeover of Goldcorp Inc. as early April votes on the deal approach. Hedge fund giant Paulson & Co. Inc. says in a letter that it believes the US$1.5-billion premium offered to Goldcorp shareholders is unjustified given the company’s poor performance. A Goldcorp sign is pictured at the Goldcorp annual general meeting in Toronto on May 2, 2013. The British Columbia Investment Management Corp., meanwhile, says it will vote against the deal because of the high payment set to go to Goldcorp chairman Ian Telfer. Goldcorp recently said it would pay a US$12 million retirement allowance to Telfer, almost triple the US$4.5 million the company had previously disclosed he was entitled to.

Source: thestar March 22, 2019 20:03 UTC