- Write by:
-
Wednesday, August 23, 2023 - 21:09:37
-
149 Visit
-
Print
Mining News Pro - Gold miner Newmont Corp said on Monday it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining.
If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share, with an implied value of A$29.27 a share.
Newcrest in mid-May said it would back the takeover offer in what would be the third-largest deal ever involving an Australian company.
“The ACCC has assessed the transaction and considered that a public review was not required,” a spokesperson for the Australian Competition and Consumer Commission told Reuters.
Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year, it said.
The deal still requires approvals from Australia’s Foreign Investment Review Board (FIRB), as well as nods from regulators in Japan, the Philippines and Papua New Guinea.
Newcrest did not immediately respond to Reuters‘ requests for comment.
Short Link:
https://www.miningnews.ir/En/News/627271
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
No comments have been posted yet ...