VANCOUVER - Newmont Mining Corp.’s US$10-billion all-share takeover deal of Goldcorp Inc. is almost complete after shareholders of the Denver-based company voted in favour of the merger Thursday. The company said shareholders voted more than 76 per cent in favour of increasing its number of outstanding shares and more than 98 per cent in favour of issuing the shares under the deal. The deal will see Newmont issue 0.3280 of a share for each Goldcorp share, a ratio that valued the Vancouver-based company at US$10 billion when it was announced in January. Article Continued BelowNewmont said it will also issue a special payout to current shareholders before the merger after some criticized the premium to Goldcorp shareholders in the deal. The combined company will be known as Newmont Goldcorp and will apply for a listing on the Toronto Stock Exchange.

Source: thestar April 11, 2019 15:22 UTC