New Gold surges 10% on $7 billion Coeur mining acquisition deal
New Gold shares jumped over 10% premarket after Coeur Mining agreed to acquire it in a $7 billion all-stock deal. New Gold holders will receive 0.4959 Coeur shares per NGD share, a 16% premium. The merger creates a $20 billion North America-focused miner, with Coeur owning 62% and New Gold shareholders 38%.