Goldcorp and Newmont Announce Receipt of Investment Canada Act Approval for Proposed Combination
GOLDCORP (GG)
Last goldcorp earnings: 2/13 05:51 pm
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US:NYSE Investor Relations:
goldcorp.com/investors/default.aspx
Company Research
Source: PR Newswire
VANCOUVER, April 12, 2019 /PRNewswire/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") today announced that Newmont Mining Corporation (NYSE: NEM) ("Newmont") has received Investment Canada Act approval in connection with the previously-announced plan of arrangement (the "Arrangement"), whereby Newmont will acquire all outstanding common shares of Goldcorp. The arrangement has previously received shareholder approval and clearance under the Competition Act (Canada). No further regulatory or shareholder approvals are required in connection with the Arrangement.Newmont and Goldcorp expect the transaction to close on April 18, 2019, subject the satisfaction of customary closing conditions.Immediately upon the closing of this transaction, the combined entity will be called Newmont Goldcorp, and is expected to:Target 6-7 million ounces of steady-state gold production over a decades-long time horizon; iBegin delivering a combined $365 million in expected annual pre-tax syne
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