- The board of Newcrest Mining is willing to see its company be acquired by Newmont, according to a report by Bloomberg.
Newmont's recent offer was $19.5 billion. Newcrest's board is prepared to recommend a takeover, writes Bloomberg. In April Newcrest and Newmont entered into an exclusivity deed, satisfying a condition of Newmont’s revised conditional and non-binding proposal to acquire 100% of the issued shares in Newcrest by way of a scheme of arrangement.Michael McCrae For Kitco News
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