NCM News: Newmont makes $16.9 billion offer for Australia's Newcrest - 6th Feb 2023, 9:49am

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By Melanie Burton and Sameer Manekar

MELBOURNE (Reuters) -Global gold miner Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's No. 1 goldminer Newcrest Mining Ltd., Newcrest said on Monday in a deal that would leverage both miners' operations in Australia and Canada.

The offer price implies a premium of about 21% to Newcrest's last closing value of A$22.450, where Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share.

"The Newcre...

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