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Newmont has extra week for Newcrest offer

Newcrest extends exclusive merger due diligence term, May 18 North of 60 Mining News - May 12, 2023

Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies.

In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share.

Newcrest, however, balked...

 

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