Why Is New Gold Stock Soaring Monday? - Coeur Mining (NYSE:CDE), New Gold (AMEX:NGD)

Coeur Mining, Inc. (NYSE:CDE) announced on Monday that it will acquire New Gold Inc. (AMEX:NGD) in an all-stock transaction valued at approximately $7 billion.The transaction creates a new North American senior precious metals producer with a market cap of around $20 billion. The boards have unanimously approved the agreement."This transaction provides clear and compelling benefits for New Gold and Coeur shareholders by bringing together two companies with similar cultures to create a stronger, more resilie ...