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Goldcorp acquires Andean

Goldcorp acquires Andean

Mallesons is advising the Canadian gold miner Goldcorp Inc. on its $3.6 billion acquisition of all outstanding shares in Andean Resources, advised by Corrs Chambers Westgarth. The board of…

Mallesons is advising the Canadian gold miner Goldcorp Inc. on its $3.6 billion acquisition of all outstanding shares in Andean Resources, advised by Corrs Chambers Westgarth.

The board of Andean Resources backed the proposal and offered 14 cents per share of Goldcorp stock, as well as $6.17 for each Andean share.

Andean Resources is a dual-listed public company based in Perth, focused on finding precious metal resources. Its principal asset is the 100 per cent owned Cerro Negro gold project located in Argentina.

The Mallesons team was led by partners David Perks, Nigel Hunt, Stephen Minns and Richard Snowden.

"Given the 12 hours time difference between Perth and Toronto, the deal really was moving 24 hours a day," said Perks.

The Corrs team was led by partners James Rozsa and Andrew Lumsden, with senior associates Jaclyn Riley-Smith and lawyers Georgina Gill and Lynda Reddy.

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