Drill and Deal

News / 2023

· Deals, Gold

Newcrest agrees to Newmont’s raised offer

Newcrest signed a scheme implementation deed at 0.400 Newmont shares per share plus a special dividend of up to $1.10, after rejecting 0.380 in February. Newcrest holders would own about 31% of the group.

A haul truck in Newmont’s Ahafo gold pit in Ghana
Photo: The EITI, CC BY-SA 2.0

Why it matters. A rejected first approach often sets up a better second one.

Source
Newsfile
In the course
Module 11: Case study: Newmont and Newcrest