Paulson & Co isn’t the only Newmont Mining shareholder that’s expressing concerns over the terms of the gold miner’s $10-billion purchase of Goldcorp.
“I think Paulson has a valid point,” said Joe Foster, a portfolio manager at VanEck – one of the biggest Newmont shareholders. When the deal was inked, investors were unaware of the “outrageous payouts” that would be given to Goldcorp executives after the merger, he said.