U.S.-based gold mining company Newmont Mining Corp. has agreed to acquire Canadian rival Goldcorp Inc in an all-share takeover deal.
Under the pact, Newmont offered to pay 0.328 for each outstanding Goldcorp share, valuing Goldcorp at around $10 billion.
Newmont Mining said that the move will create a leading gold business with the best assets, people, prospects and value-creation opportunities.
Further, Newmont revealed that the enterprise value of the deal is pegged at around $12.5 billion, representing about 65 percent of the combined entity inclusive of the deal.