97 of Goldcorp shareholders vote in favour of takeover by Newmont Mining

VANCOUVER — Goldcorp Inc. shareholders have voted overwhelmingly in favour of the company being taken over by U.S. mining giant Newmont Mining Corp.Vancouver-based Goldcorp says its shareholders voted more than 97 per cent in favour of the deal that will see them receive 0.328 of a Newmont share plus two cents in cash for each Goldcorp share they own.Some Goldcorp shareholders, including the British Columbia Investment Management Corp., had raised concerns that the deal will result in a boosted payout of US$12 million to Goldcorp chairman Ian Telfer that they say isn’t in the interest of shareholders. Newmont wins billionaire John Paulson’s support for Goldcorp takeover with largest dividend in 32 years Newmont says it will issue a special dividend if Goldcorp deal goes through — but it’s not an attempt to pay off investors Paulson’s not alone — more Newmont shareholders balk at Goldcorp takeover Newmont shareholders are set to vote on the proposed deal on April 11, after which it is expected to close later this quarter.Some Newmont shareholders had raised questions about the proposed premium being paid for Goldcorp, prompting Newmont to announce a special pre-merger dividend for its shareholders.Related Stories:Incoming CEO Tom Palmer to Provide Update on Newmont Goldcorp at Denver Gold ForumNewmont Goldcorp’s Borden Mine Achieves Commercial ProductionNewmont Goldcorp, Dignitaries Inaugurate Borden, Ontario’s ‘Mine of the Future’Barrick Gold had also tried to scuttle the deal with a proposed merger with Newmont, but instead the two struck an agreement to combine their extensive operations in Nevada under a joint venture.

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