January 14, 2019 / 11:14 AM / 9 months ago

BUZZ-Goldcorp shares jump on ~$10 bln buyout deal from Newmont

** U.S.-listed shares of Goldcorp Inc jump 12.7 pct premarket to $10.92 after Newmont Mining says it would buy the Canadian gold miner in a deal valued at $10 bln

** Newmont to offer 0.3280 of its share and $0.02 for each Goldcorp share, representing a premium of 18.3 pct to Goldcorp’s NYSE-listed share as of Friday close

** GG is the second most traded stock in early U.S. trading, Newmont shares off 5 pct at $33.15

** Newmont shareholders to own about 65 pct of combined co Newmont Goldcorp; existing Goldcorp stakeholders to own remaining 35 pct

** Combined co to target $1-$1.5 bln in divestitures over the next two years to optimize gold production to 6-7 mln ounces annually

** Deal, subject to regulatory approvals in various jurisdictions, expected to close in Q2 2019 (Reporting by Sruthi Shankar in Bengaluru)

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