REUTERS: Goldcorp shareholders approved Newmont Mining Corp's US$10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer.
About 97 percent of Goldcorp's outstanding shares that were voted at a special meeting were cast in favor of the deal, the company said in a statement. Newmont had offered 0.328 of its shares and 2 cents for each Goldcorp share. Vancouver-based Goldcorp shares rose slightly on Thursday afternoon to CUS$15.39 in Toronto, and shares of Denver-based Newmont rose slightly to US$36.02 in New York. The benchmark S&P/TSX Global Gold Index gained 0.8 percent.The new company, to be called Newmont Goldcorp, will overtake current market leader Barrick Gold Corp in annual production, churning out 6 million to 7 million ounces of gold annually over the next 10 years, compared with Barrick's forecast of 5.1 million to 5.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PCI shareholders at scheme meeting approve Platinum's S$264.8m acquisition at S$1.33/shareA MAJORITY of PCI shareholders who attended a scheme meeting on Tuesday, have approved Platinum Equity Advisor's offer to acquire all the shares in the company by way of a scheme of arrangement at S$1.33 per share, in a deal worth some S$264.8 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
French group Thales completes 4.8 billion euro takeover of GemaltoFrench aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros (US$5.4 billion) takeover ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UOB chief sees pay rise 12% to S$10.56m in 2018UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong was paid S$10.56 million in 2018, up 12 per cent from the S$9.4 million he got in 2017. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US approves anti-submarine helicopter sale to IndiaWASHINGTON (AFP) - The United States said Tuesday (April 2) it had approved the sale of 24 MH-60R helicopters to India, significantly boosting its emerging ally's firepower to target submarines as China expands in the Indian Ocean.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Chinese city offers US$1,500 reward to help snare foreign religious leadersGuangzhou has become the first major city in China to offer financial rewards to people who report “illegal religious activities”, as authorities continue to crack down on underground gatherings. An announcement was made recently by the southern city’s ethnic and religious affairs department, which
Source: YahooSG - 🏆 3. / 71 Read more »
AstraZeneca pays up to US$6.9 billion in Daiichi Sankyo cancer dealAstraZeneca Plc and Japan's Daiichi Sankyo Co Ltd have signed a potential multibillion-dollar collaboration to develop and sell Daiichi's cancer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Daiichi Sankyo, AstraZeneca sign US$6.9 billion cancer drug dealAstraZeneca Plc and Japan's Daiichi Sankyo Co Ltd have signed a potential multibillion-dollar collaboration to develop and sell Daiichi's cancer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
AstraZeneca could pay Daiichi Sankyo up to US$6.9 billion in cancer drug dealAstraZeneca Plc and Japan's Daiichi Sankyo Co Ltd have signed a potential multibillion-dollar collaboration to develop and sell Daiichi's cancer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Denmark's DSV to buy logistics company Panalpina in US$4.6 billion dealDenmark's DSV A/S will buy Panalpina in a deal valued at 4.6 billion Swiss francs (US$4.62 billion), the Swiss freight forwarder said on Monday, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saudi Aramco 'made US$224 billion profit' last yearDUBAI: Saudi Aramco, the world's largest oil company, posted US$224 billion in earnings before tax last year, Fitch Ratings said Monday (Apr 1), ... Extradition de matière brute oil 😂🇩🇿❤️ Guess that gonna be the next spot to invade but which country gonna make first move? Can bet it will be a democracer
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »