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Newmont Ink’s $20 billion Newcrest deal to create gold giant




Newmont Corp. agreed to buy Newcrest Mining Ltd. in a deal worth about $US28.8 billion ($19.2 billion) including debt, consolidating the US miner’s status as the world’s biggest gold producer.

Newcrest owners will get 0.4 shares of Newmont for each share they own, giving them 31% ownership of the combined group, the companies said Monday, confirming a Bloomberg News report Sunday. They will also receive a tax-free special pre-closing dividend of as much as $1[ads1].10 per share.



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