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Yamana Expects to Turn Gold Fields Skeptics Into Deal Believers

  • Merged firm to become third-biggest gold producer in a year
  • Yamana’s Marrone says ‘pieces of a puzzle’ fit nicely together
Yamana Gold Executive Chairman Peter Marrone
Yamana Gold Executive Chairman Peter MarronePhotographer: Cole Burston/Bloomberg
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The few Gold Fields Ltd. shareholders who expressed reservations about the South African company’s $7 billion takeover offer for Yamana Gold Inc. will come around to the deal’s benefits.

That’s the view of Yamana’s executive chairman, Peter Marrone, who spoke in an interview two weeks after the all-stock deal for the Canadian gold producer was announced. The deal, which includes a relatively high premium by industry standards, requires approvals from shareholders of both companies.