Parties
Company
Pretium Resources Inc
Company
Newcrest Mining Limited
On March 9, 2022, Pretium Resources Inc. (“Pretium”) completed the acquisition by Newcrest Mining Limited (“Newcrest”) by way of a plan of arrangement, pursuant to which Newcrest acquired all of the outstanding shares of Pretium that it did not already own in consideration for a combination of cash and shares in Newcrest. The transaction resulted in Pretium’s shareholders owning approximately 8 percent of Newcrest on a fully diluted basis. The total equity value of the transaction is approximately $3.5 billion.
Blake, Cassels & Graydon LLP acted as co-counsel for Pretium with a team co-led by Bob J. Wooder and Kathleen Keilty that included Amir Mirbagheri, Michelle Perini (Securities/M&A); Sean Boyle (Litigation & Dispute Resolution); Julie Soloway and Victoria Turner (Competition); Michael Howcroft (Employment); Sean Maxwell (Pensions); Greg Umbach (Real Estate); and Kevin Zimka (Tax).
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as co-counsel for Pretium with a team led by Adam Givertz.
Stikeman Elliott LLP acted as co-counsel for Pretium with with a team led by Jay C. Kellerman and included Daniel Borlack.
McCarthy Tétrault LLP acted as counsel for Newcrest with a team led by Shea T. Small and included Eva Bellissimo.
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
$ 3,500,000,000Deal Status
ClosedClosing Date
09 March 2022