Newmont Mining Corp won the support of at least two key investors for its $10 bi...
TORONTO - Newmont Mining Corp won the support of at least two key investors for its $10 billion takeover of Goldcorp Inc on Monday, after offering to sweeten the deal with an 88-cent-per-share special dividend if shareholders approve the transaction.
Newmont investors who had earlier protested the terms of the deal, saying Goldcorp shareholders benefited too much from it, commended the dividend payment and withdrew their opposition. Van Eck International Investors, which said last week that Newmont’s takeover offer transferred to Goldcorp shareholders too much of $4.7 billion in synergies from the Barrick venture, also expressed its support for the deal on Monday.
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