Dahlman Rose Provides Color on Goldcorp

Dahlman Rose provided color on Goldcorp GG. In a research report published today, Dahlman Rose commented on the acquisition of Primero Mining by Northgate Minerals NXG. In the report, Dahlman Rose states, “Goldcorp has agreed to support the proposed transaction by which Northgate Minerals Corporation (TSX, NYSE: NXG, Not Rated) will acquire all issued and outstanding shares of Primero Mining Corp (TSX: P, Not Rated)… Goldcorp currently controls 35.5% of the outstanding shares of Primero Mining. Under completion of the arrangement, Goldcorp will hold 46.7MM Northgate shares, representing approximately 11% of Northgate's outstanding shares.” At the moment, Dahlman has a Hold rating placed on Goldcorp's stock. On Wednesday, GG added 3.26% to its value to finish the day at $54.24. Its shares continued to climb in today's pre-market trading, rising 0.7% to $54.62. At the same time, NXG added 0.35% to its value on Wednesday to end the day at $2.9. Likewise, its shares continued to rise in today's pre-market trading, moving 0.69% higher to stand around $2.92.