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Newcrest rejects Newmont offer, showers shareholders with cash

THE board of Newcrest Mining has rejected a A$24 billion scrip takeover proposal from Newmont Corporation.

Kristie Batten
Sherry Duhe

Sherry Duhe

It was revealed last week that Newcrest had rejected an initial proposal from Newmont before the US-based major returned with a revised offer of 0.38 of a Newmont share for every Newcrest share held. ...

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