NCM News: Hurdles loom for Newmont's $19.6 bln bid for Australia's Newcrest - 12th Apr 2023, 3:40pm

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By Scott Murdoch and Melanie Burton

SYDNEY, April 12 (Reuters) - Newmont Corp's A$29.4 billion ($19.6 billion) offer for Australia's Newcrest Mining faces hurdles including winning approvals from shareholders and regulators, and the full backing of the target's board, analysts said on Wednesday.

U.S.-based Newmont sweetened on Tuesday an earlier offer, dangling 0.400 of its shares for each Newcrest share held, in what it called its "best and final" offer. It also offered a franked special divi...

>>> Read more: Hurdles loom for Newmont's $19.6 bln bid for Australia's Newcrest
 
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