© Reuters. FILE PHOTO: A small toy figure and imitation gold are seen in front of the Newcrest logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) – Australia’s biggest gold miner Newcrest Mining ( OTC: ) Ltd said on Monday it had received a non-binding all-share takeover offer with an equity value of $16.93 billion from U.S. gold miner Newmont Corporation.
Under the indicative offer, Newcrest shareholders will receive 0.380 Newmont shares for each Newcrest share.
“The Newcrest board, together with its financial and legal advisers, is considering an indicative proposal,” the Australian gold miner said.