Goldcorp-Wheaton River Deal Accepted

Shareholders in Goldcorp have voted in favour of a $2.4-billion merger with Wheaton River Minerals of Vancouver.
With more than 118-million shares voted, the Wheaton River
deal was approved by about 65% at a special meeting.
Glamis Gold of Reno, Nevada, had been lobbying hard for weeks to
convince shareholders of Goldcorp to vote against merging with Wheaton River.
It argued Wheaton River would dilute Goldcorp shareholders’
holdings because it’s not exclusively a gold producer.
But supporters of the Wheaton River deal billed the company as a
less risky partner with solid earnings and a better record of delivering on its production targets than Glamis, a company too small to do much for Goldcorp shareholders.