Shareholders approve $A26 Billion all-paper bid for Newcrest by Newmont [7916]

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Shareholders approve $A26 Billion all-paper bid for Newcrest by Newmont

PUBLISHED

2023-10-12

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Newmont Corporation announced on Thursday (Sydney time) that over 96% of shareholder votes favored the proposed $A26 billion all-paper bid for Newcrest (ASX:NCM).

The meeting took place on Wednesday, US time, while Newcrest shareholders are set to meet on Friday morning in Melbourne to vote on the transaction.

Both companies anticipate the deal closing in early November.

Author

Name

Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.