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Paulson opposes Newmont's bid for Goldcorp
By Nichola Saminather
Thursday, March 21, 2019
TORONTO, Ontario, Canada -- Paulson & Co. Inc. will not support Newmont Mining Corp.'s planned $10 billion takeover of rival Goldcorp Inc. as the premium offered is unjustified, the investor said in a letter today.
The transaction is dilutive to Newmont shareholders and only Goldcorp shareholders would benefit from the deal's synergies, founder John Paulson and partner Marcelo Kim said in the letter to Newmont Chief Executive Officer Gary Goldberg. ...
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