Newmont
has made an offer worth around $17 billion to acquire Australia’s
Newcrest Mining
an approach which could set off competing bids as international gold miners seek to secure the most promising long-term assets.
Newmont
(ticker: NEM), based in Colorado and the world’s largest producer of gold, said it it would offer 0.380 of its own shares for each
Newcrest
(NCMGY) share.
Source: https://www.barrons.com/articles/newmont-newcrest-gold-miner-bid-51675678830?siteid=yhoof2&yptr=yahoo