The $8.6 Billion Gold Deal

Mining company Goldcorp (GG) on Aug. 31 struck an agreement to acquire gold company Glamis (GLG) in an $8.6 billion deal, part of a wave of consolidation sweeping through the commodities sector as prices for everything from gold to copper to aluminum soar.

Goldcorp's shares tumbled as much as 12% during trading on Thursday and closed down nearly 10%, at $27.66, on fears that the company is paying too steep a price in the deal. The company's bid represents a 33% premium over Glamis' market price on Aug. 30. On top of that, Glamis Chief Executive Kevin McArthur will get to be chief executive of the combined companies.

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