Newcrest shareholders OK Newmont takeover, sealing largest-ever mining deal

seekingalpha2023-10-13

Newcrest Mining (OTCPK:NCMGF) (OTCPK:NCMGY) said Friday that its shareholders voted to accept Newmont's (NYSE:NEM) A$26.2B (~$16.8B) buyout offer, cementing the largest-ever takeover in the precious ...

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More on Newmont  Newmont: Blood Is All Over The Street For The Gold Mining Leader Newmont: The Biggest But Not The B","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","NEM":"纽曼矿业","BK4017":"黄金","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","LU1223082196.USD":"施罗德环球黄金A Acc","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4585":"ETF&股票定投概念","BK4532":"文艺复兴科技持仓","BK4570":"地缘局势概念股","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BK4588":"碎股"},"translate_title":"Newcrest股东同意Newmont收购，达成有史以来最大的矿业交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEM":1,"NCMGY":1,"NCMGF":1},"content_text":"Newcrest Mining (OTCPK:NCMGF) (OTCPK:NCMGY) said Friday that its shareholders voted to accept Newmont's (NYSE:NEM) A$26.2B (~$16.8B) buyout offer, cementing the largest-ever takeover in the precious metals mining sector. Newcrest (OTCPK:NCMGF) (OTCPK:NCMGY) said 92.63% of the votes cast were in favor of the deal, exceeding the requirement for at least 75% support and following a nearly unanimous vote on the deal from Newmont (NEM) shareholders earlier this week.  After securing all necessary regulatory approvals from the Australian government, the takeover is set to be confirmed at a federal court hearing scheduled for next week. The deal consolidates Newmont's (NEM) position as the world's leading producer of bullion; the miner has said it expects the combined company will generate $500M in annual pre-tax synergies within the first 24 months, with at least $2B in cash improvements through portfolio optimization in the first two years after closing.  More on Newmont  Newmont: Blood Is All Over The Street For The Gold Mining Leader Newmont: The Biggest But Not The Best Gold Major Newmont Presents at 2023 Gold Forum Americas Brokers Conference (Transcript)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2375910836"}