Shareholders in Australia’s biggest gold miner, Newcrest, have overwhelmingly voted in favour of a $26.2 billion merger with US gold mining giant Newmont.
The exact value of the deal will fluctuate with the market price of the Newmont shares that will be issued to Newcrest shareholders. Newmont stock last traded at $US38.78 on the New York bourse. Newcrest shares have traded 2 per cent higher to $25.81 since Thursday.
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