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(Adds deal details in paragraphs 2 & 3, regulatory status in 4 & 5)
Aug 22 (Reuters) - Gold miner Newmont Corp said on Monday it has received clearance from Australia's competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining.
If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share.
Newcrest in mid-May said it would back the takeover offer in what would...
>>> Read more: UPDATE 1-Newmont gets Aussie regulatory nod for $16.8 bln Newcrest deal
Aug 22 (Reuters) - Gold miner Newmont Corp said on Monday it has received clearance from Australia's competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining.
If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share.
Newcrest in mid-May said it would back the takeover offer in what would...
>>> Read more: UPDATE 1-Newmont gets Aussie regulatory nod for $16.8 bln Newcrest deal
