3. In the context of M&A, synergy represents the incremental cash flows generated by combining two businesses.

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3. In the context of M&A, synergy represents the incremental cash flows generated by combining two businesses.

Identify the potential synergies you believe could be realized in combining Newmont and Goldcorp. Speculate as to what might be some of the challenges limiting the timely realization of these synergies. (Appendix)

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