The activist investor, in letter to Newmont, says current deal would transfer away significant gains from a joint venture
Paulson & Co. said Thursday it opposes Newmont Mining Corp.’s $10 billion merger with Goldcorp Inc. because it would transfer away significant gains from a recently announced Nevada joint venture.
“Under the current terms we are unable to support the transaction,” the hedge-fund firm wrote Newmont Chief Executive Gary Goldberg in a letter, which The Wall Street Journal first reported.
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