Goldcorp Inc. sells stake in Tahoe Resources Inc. for $998M 

 

June 30, 2015

On June 30, 2015, Goldcorp Inc. (Goldcorp) (TSX: G, NYSE: GG) completed its sale of shares in Tahoe Resources Inc. (Tahoe) (TSX: THO, NYSE: TAHO, BVL: THO) for $998 million.

Goldcorp, the world's biggest gold company by market capitalization, sold its 26 percent stake (58,051,692 common shares) in Tahoe for $17.20 per share for a total of $998 million. A syndicate of Underwriters, led by GMP Securities L.P. and BMO Nesbitt Burns Inc., and including CIBC World Markets Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Citigroup Global Markets Canada Inc., Credit Suisse Securities (Canada), Inc., Goldman Sachs Canada Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., Morgan Stanley Canada Ltd., Beacon Securities Limited, Canaccord Genuity Corp., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., Paradigm Capital Inc. and Raymond James Ltd., purchased the shares on a bought deal basis.

McMillan LLP acted as Canadian counsel to Tahoe Resources on the transaction with a team led by Amandeep Sandhu that included Bosa Kosoric, Marina Tran, Kosta Kostic, Jean-François Pelland (securities and corporate), Michael Taylor, Peter Botz, Sabine Thuilleaux, Johanne Groulx, Maude Leblanc (tax) and Linda Rocca, Tiffany Fong, and Andrea Lapierre.