From Breakingviews: Newmont is offering $17 billion for Australia’s Newcrest. A deal would stack up. But Barrick, which Newcrest spurned in 2019, might jump back into the fray. It has the makings of a value-destructive bidding war, says AntonyMCurrie
, the $24 billion third-largest miner of the ore, may want to dig in, too. The deal as currently imagined stacks up on paper, but there’s a high chance it will spark a value-destructive bidding war.loadingAustralia’s Newcrest Mining on Feb.
6 said in a regulatory filing that it had received “a conditional and non-binding indicative proposal” to be acquired by Newmont. The all-share offer values Newmont at A$25 billion, a 22% premium based on the two gold miners’ closing prices on Feb. 3 and the U.S-Australian dollar exchange rate on Feb. 6.Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Newmont makes $16.9 billion offer for Australia's top gold producer NewcrestTop gold producer Newmont Corp said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change.
Baca lebih lajut »
Tom Hanks and Rita Wilson joke they have the $17 billion secret to a successful marriageTom Hanks and Rita Wilson walked the red carpet at Clive Davis' Pre-Grammy Gala, explaining if there really is a secret to a successful marriage.
Baca lebih lajut »
Shoppers Say These $17 Hailey Bieber-Approved Gold Foil Under-Eye Masks ‘Work Wonders’ for De-PuffingSelf-care but make it glam: check out these seriously discounted, celebrity-approved patches now!
Baca lebih lajut »
Review: Acoustics, sight lines and amenities are just right at The Sound's opening-night concertOn Friday, the new $17 million venue at Del Mar Fairgrounds debuted with Ziggy Marley reggae show
Baca lebih lajut »
Nurses offer to call off strikes in England if Sunak makes fresh pay offerThe head of the UK's biggest nursing union tells the PM 'meaningful offers' could avert strike action.
Baca lebih lajut »