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Newmont's Goldcorp Deal Wins Support of Paulson, VanEck, ISS

  • Newmont offered biggest payout in 32 years to coax investors
  • ‘As things stand right now I plan to vote in favor:’ VanEck
Gold mine
Photographer: Waldo Swiegers/Bloomberg
Updated on

After promising to sweeten the pot with the largest dividend in 32 years, Newmont Mining Corp. has won over two of its biggest investors -- and an independent shareholder advisory firm -- to the merits of a $10 billion merger with Goldcorp Inc.

“Paulson & Co. commends the special dividend to Newmont shareholders,” a spokesman said Monday by email. “Since the Newmont board and other significant shareholders are supportive of the revised terms, we will no longer oppose the transaction.”