Newmont approved for $16.8B Newcrest deal by Aussie regulators.

Gold Miner Newmont⁤ Corp Receives Clearance for A$26.2 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.

($1 =​ 1.5596 Australian dollars)

(Reporting ⁢by Harish Sridharan in Bengaluru; Additional reporting by Rishav Chatterjee;‌ Editing by ‍Shailesh Kuber and ⁢Sohini Goswami)

Latest News

Joe Biden Jets Off ‌to Hawaii, Trump Pays $200,000 in Fulton County, and Fat Bottomed Girls Get ‍Blacklisted

Trump Spokeswoman Liz Harrington Suggests Timing of Latest Indictment of Donald Trump Reeks ⁢of Collusion

Death Toll from Maui Wildfires Rises⁤ with 111 Confirmed Fatalities and Nearly 1,000 Others Missing

Nebraska Governor Jim Pillen Signs Opportunity Scholarship Act Committing ⁣$50 ⁢Million in Tax Credits

Other Headlines

Meta Platforms to ‍Challenge⁤ Fine from Norway’s Data Regulator

Coinbase Global to Acquire Equity Stake in Circle Internet Financial and Shut Down

Zoom Video Communications Forecasts Third-Quarter Profit Above Expectations

Nvidia Investors Expect Positive Quarterly Revenue Forecast