CAPITAL MARKETS

Takeover talk pushes Placer, Newcrest higher

SHARES in Placer Dome have followed Newcrest to a sharply higher level as speculators take positions ahead of a possible new takeover push by the world’s biggest goldminer, Newmont.

Tim Treadgold

Takeover talk pushes Placer, Newcrest higher

In trading overnight in Canada, Placer Dome shares rose by 5% amid speculation that Newmont would use a recent US$1 billion capital raising to launch a takeover bid. The move followed a similar rise...

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