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.

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