CAPITAL MARKETS

Golden merger

GOLDCORP and Glamis Gold are merging to create the world’s 10th-biggest miner and third-biggest gold producer in a deal that indicates Australia’s two main gold producers are attractive from a valuation point of view.

Michael Quinn
Golden merger

Broker UBS said the $US21.3 billion ($A27.9 billion) combination – whereby Glamis shareholders would receive 1.69 Goldcorp shares for each Glamis share in a deal that implied a 33% premium to Glamis’ previous...

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