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Goldcorp and Newmont Combine to Create World’s Leading Gold Company in US$10 Billion Transaction

Published: 01/14/2019

Team: Paul M. Stein, Jeffrey P. Roy, Jen Hansen, Jamie Litchen, John T.C. Christian, Stefanie Sebanc, Jonathan J. Chandler, Conrad H. Lee, Chris Hersh, David Budd, Carla Potter, Brian P. Dominique, Lorne Silver, Robert Kligman

On January 14, 2019, Goldcorp Inc. and Newmont Mining Corporation announced that they have entered into a definitive agreement in which Newmont will acquire all of the outstanding common shares of Goldcorp pursuant to a plan of arrangement. Under the terms of the agreement, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share and US$0.02 in cash, resulting in a transaction value of US$10 billion.

Goldcorp was represented internally by Charlene Ripley, Executive Vice President, General Counsel and Randall Chatwin, Vice President, Assistant General Counsel. Cassels Brock acted as external counsel to Goldcorp with a team that included Paul Stein, Jeff Roy, Jen Hansen, Jamie Litchen, John Christian, Stefanie Sebanc, Jonathan Chandler and Conrad Lee (Mining, Securities and M&A), Chris Hersh (Investment Canada Act and Competition), David Budd and Carla Potter (Financial Services), Brian Dominique (Mining) and Lorne Silver and Rob Kligman (Litigation).