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By Shane Lasley
Mining News 

Newmont has extra week for Newcrest offer

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


Last updated 5/11/2023 at 2:29pm

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Newmont's roughly US$19.6 million merger offer implies a value of approximately A$32.87 per Newcrest Mining share.

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, balk...

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