Energy News / Shareholders Foundation, Inc.

NYSE: GG Investor Alert: Investigation of Takeover of Goldcorp Inc.

Via: ReleaseWire

Updated 11:30 AM CST, Mon, January 28,2019

An investigation on behalf of investors of Goldcorp Inc. (NYSE: GG) in connection with the proposed takeover was announced and NYSE: GG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 01/28/2019 -- The takeover of Goldcorp Inc. is under investigation concerning potential wrongdoing.

Investors who purchased shares of Goldcorp Inc. (NYSE: GG) and currently hold any of those NYSE: GG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Goldcorp Inc. breached their fiduciary duties owed to NYSE: GG investors in connection with the proposed acquisition.

Vancouver, Canada based Goldcorp Inc. acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. On January 14, 2019, Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG, TSX: G) announced they have entered into an agreement in which Newmont Mining Corporation will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 billion. Under the terms of the agreement, Newmont Mining Corporation will acquire each Goldcorp share for 0.3280 of a Newmont share, or a value of approximately $11.44 per NYSE: GG share.

However, given that at least one analyst has set the high target price for NYSE: GG shares at $20 per share and that NYSE: GG shares traded in 2018 as high as $15.55 per share, the investigation concerns whether the offer is unfair to NYSE: GG stockholders. More specifically, the investigation concerns whether the Goldcorp board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On January 25, 2019, NYSE: GG shares closed at $10.80 per share.

Those who are current investors in Goldcorp Inc. (NYSE: GG) shares have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-gg-investor-alert-investigation-of-takeover-of-goldcorp-inc-1133542.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com