M&A
confidence high
sentiment positive
materiality 0.90
NovaGold enters arrangement to be acquired by New NovaGold; Paulson to contribute Donlin Gold interests
NOVAGOLD RESOURCES INC
- Each NovaGold share exchanged for one share of New NovaGold voting common stock.
- Paulson to contribute its 40% interest in Donlin Gold project to New NovaGold in exchange for shares.
- Board unanimously recommends shareholders vote in favor of the arrangement.
- Transaction expected to close by March 31, 2027, subject to shareholder, court, and regulatory approvals.
- John Paulson and Thomas Kaplan to be co-chairs of New NovaGold board; Paulson gets board designees.