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Anonymous ID: 474009 March 25, 2019, 10:10 a.m. No.5882483   🗄️.is đź”—kun   >>2713 >>2782

Airbus close to signing aircraft deal with China: sources

 

PARIS (Reuters) - European planemaker Airbus is close to signing a deal worth billions of dollars with China following a delay of more than a year in the negotiations, industry sources said on Monday.

 

The deal is part of a package of trade deals coinciding with a visit to Europe by Chinese President Xi Jinping.

 

Airbus declined to comment.

 

https://www.reuters.com/article/us-france-china-airbus/airbus-close-to-signing-aircraft-deal-with-china-sources-idUSKCN1R61Y0

Anonymous ID: 474009 March 25, 2019, 10:15 a.m. No.5882578   🗄️.is đź”—kun   >>2713 >>2782

Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approved

 

TORONTO (Reuters) - Newmont Mining Corp will pay a special dividend of 88 cents in an effort to soothe unhappy shareholders if they approve its $10 billion takeover of Goldcorp Inc, the company said on Monday.

 

Facing protests from investors who say Goldcorp shareholders benefit too much from the deal, Newmont said the immediate cash payment would represent a portion of the savings from a separate agreement with Barrick Gold Corp.

 

Newmont’s friendly bid to buy Goldcorp to create the world’s biggest gold producer preceded the agreement with rival Barrick to create a joint venture combining their operations in Nevada. Newmont offered 0.328 of its shares and 2 cents for each Goldcorp share.

 

Top Newmont shareholders including Paulson & Co and Van Eck International Investors said last week the Goldcorp proposal transferred to Goldcorp shareholders too much of $4.7 billion in synergies from the Barrick venture. Paulson said last week it would vote against Newmont’s acquisition of Goldcorp.

 

A Paulson & Co spokesman said the firm is evaluating the announcement.

 

“We’re very pleased with Newmont’s decision,” Joe Foster, portfolio manager at Van Eck, Newmont’s third-biggest shareholder, told Reuters. “Companies always claim they’re going to create synergies. It’s great to see Newmont putting their money where their mouth is and giving us a payout up front.”

 

In an investor presentation earlier this month, Newmont said Goldcorp shareholders would get $600 million of the pre-tax synergies from the joint venture with Barrick.

 

https://www.reuters.com/article/us-newmont-mining-m-a-goldcorp-idUSKCN1R61GO