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Newmont Corporation has made a takeover offer for Newcrest Mining, Australiaâs top gold miner, in a deal that would leverage both miners' operations, Newcrest announced and Newmont confirmed.
The indicative $16.9 billion takeover offer implies a premium of about 21% to Newcrest's Friday closing price of $22.450 Australian dollars.
Newcrest closed up 9.27% at $24.530 Australian dollars in Sydney.
"Newmontâs offer puts Newcrest at almost 1.5 times book value, a small premium to the 1....
>>> Read more: Newmont makes $16.9B bid for Australia gold producer
The indicative $16.9 billion takeover offer implies a premium of about 21% to Newcrest's Friday closing price of $22.450 Australian dollars.
Newcrest closed up 9.27% at $24.530 Australian dollars in Sydney.
"Newmontâs offer puts Newcrest at almost 1.5 times book value, a small premium to the 1....
>>> Read more: Newmont makes $16.9B bid for Australia gold producer
