(Tiper Stock Exchange) – Newmont Corporationone of the world’s leading US gold-mining companies, has filed an offer to buy Australian rival Newcrest for about $17 billion in what is shaping up to be the industry’s largest-ever acquisition.
The offer from Newmont, which has already acquired Goldcorp for $10 billion, foresees that the merged company will be 70% owned by the same American group based in Denver, Colorado, and 30% by the Australian company .
The price proposed by Newmont is $18.70 a share21% higher than Newcrest shares on the Australian Securities Exchange’s close on Friday.