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Newmont Gets Newcrest Data Access in Gold Takeover Tussle

From bnnbloomberg.ca

Newmont Corp. has gained partial access to the corporate books of Australian rival Newcrest Mining Ltd., according to people familiar with the matter, a sign that the US company could make a revised offer to seal what would be the world’s largest gold takeover. Newmont is undertaking limited due diligence on Newcrest weeks after management of the Melbourne-based miner dismissed a $17 billion proposal from the world’s top bullion producer, according to people who asked not to be named because the information isn’t public. Newcrest rebuffed Newmont’s all-stock offer in mid-February, with management saying the company ... (full story)

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  • Category: Fundamental Analysis