Newcrest Receives Takeover Offer From Newmont (NYSE:NEM)

a mound of gold

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Newmont (NYSE: NO) has made a non-binding offer to buy Newcrest Mining ( OTCPK:NCMGF ) ( OTCPK:NCMGY ), Australia’s largest gold miner said on Sunday.

Under the proposed terms of the deal, Newcrest (OTCPK:NCMGF) (OTCPK:NCMGY) shareholders would receive 0.38 Newmont (NEM)value of Newcrest at ~$17 billion

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