Newmont Completes US$10 Billion Acquisition of Goldcorp to Create World’s Leading Gold Company

On April 18, 2019, Newmont Mining Corporation (“Newmont”) completed the acquisition of Goldcorp Inc. (“Goldcorp”) to create the world’s leading gold company. The acquisition was completed by way of a plan of arrangement pursuant to which Newmont acquired each Goldcorp share for 0.3280 of a Newmont share and US$0.02 in cash, resulting in a transaction value of US$10 billion.

Goldcorp was represented internally by Charlene Ripley, Executive Vice President, General Counsel, Randall Chatwin, Vice President, Assistant General Counsel, Amy Hu Legal Director, Corporate, and Andrew Spencer, Legal Counsel. Cassels Brock & Blackwell LLP acted as external counsel to Goldcorp with a team that included Paul Stein, Jeffrey Roy, Jen Hansen, Jamie Litchen, John Christian, Stefanie Sebanc and Jonathan Chandler (Mining, Securities and M&A), Chris Hersh (Investment Canada Act and Competition), David Budd and Jennifer Wasylyk (Financial Services), Brian Dominique, Tom Kapsales and Robert Lysy (Mining and Real Estate) and Lara Jackson and Stephanie Voudouris (Litigation). Neal, Gerber & Eisenberg acted as US counsel to Goldcorp with a deal team composed of David Stone, John Koenigsknecht, Philippe Blanchard, Betsy Thelen, Cassie Zhang, Philip Adler and Beth Rosner. (Corporate) and Jeff Bakker (Employment).

Osler, Hoskin & Harcourt LLP acted for the special committee of independent directors of Goldcorp with a team comprised of Jeremy Fraiberg, Donald Gilchrist, Alexander Gorka and Michelle Lally (Corporate).

Newmont was represented internally by Stephen Gottesfeld, Executive Vice President and General Counsel. Goodmans LLP acted as Canadian counsel to Newmont with a team that includes Neill May, Chris Sunstrum, David Coll-Black and Dan Eitutis (Corporate), Tom Friedland (Litigation) and David Rosner (Competition, Antitrust and Foreign Investment). Wachtell, Lipton, Rosen & Katz acted as US counsel to Newmont with a team comprised of Peter Fritz, David Katz and Gordon Moodie (Corporate), Joseph Larson (Competition), Deborah Paul, T. Eiko Stange and David Sturgeon (Tax) and Adam Shapiro (Employment). White & Case LLP acted as US counsel to Newmont.