representative work

Newmont Completes US$10 Billion Acquisition of Goldcorp

04/18/2019

On April 18, 2019, Newmont Mining Corporation completed the acquisition of Goldcorp Inc. 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.

Cassels 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). Internally, Goldcorp was represented 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.

This deal features as one of Lexpert’s Top 10 Deals of 2019, and the winner of the Mining Saga category. This deal was also nominated for Cross Border Deal of the Year by the Canadian Law Awards.