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Newcrest Mining (OTCPK:NCMGF) said Monday it gave Newmont Corp. (NYSE:NEM) access to its books following a sweetened takeover offer that values the Australian miner at A$29.4B (~US$19.5B), with an implied offer price of A$32.87 per Newcrest share that represents a 16% increase on the initial proposal.
In the new offer, Newcrest (OTCPK:NCMGF) shareholders would receive 0.4 Newmont (NEM) share for every share held; the previous offer of 0.38 Newmont share had valued Newcrest at $16.9B.
Newcrest Mining (OTCPK:NCMGF) shares surged last week on the Australian Stock Exchange to their highest level in nearly a year.
Mexico’s president has introduced new laws that are unfavorable for miners including Newmont (NEM), Real Investments writes in an analysis published recently on Seeking Alpha.
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