NCM News: Newmont Raises Bid For Newcrest Takeover, Offers 46% Premium to Feb 3 Price At $19.5B Valuation - 12th Apr 2023, 12:37am

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Newmont Corporation (NYSE: NEM) submitted a final revised takeover offer to Newcrest Mining Limited (OTC: NCMGY), bidding a 46% premium to the closing price of Newcrest shares as on February 3, 2023. The latest offer values Newcrest Mining at $19.5 billion, which would make it the largest-ever M&A deal in the gold-mining industry, WSJ reported. Newcrest is Australia’s largest gold miner, which had rejected the previous offer from Newmont at a $17.5 billion valuation. The company initiall...

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