News out from N.C.21 Jan 2022 01:43
Newcrest Mining Limited (Newcrest) (ASX, TSX, PNGX: NCM) is pleased to announce that Pretium Resources Inc. (Pretivm) (TSX, NYSE: PVG) shareholders and optionholders (Securityholders) have voted overwhelmingly in favour of the special resolution to approve the plan of arrangement under which Newcrest will acquire Pretivm, including the Brucejack mine (the Transaction).
Some think this was a steal by NC. However their shareholders if wishing to, will receive NC shares. Shares and cash, or outright buyout of shares according to individual choice. Shareholders have made their choices but I wonder how many choose to be exposed to NC portfolio of tier one assets along with the dividends.
I guess this will be seen by some as a steal but by others as a fair resolution. But an indication of NC method of making deals. Wonder how ours will pan out? Exciting.