U.S. gold producer makes second offer after Newcrest rejected an earlier proposal as too low
ADELAIDE, Australia—Newmont Corp. has made a roughly $17 billion offer to acquire Australia’s Newcrest Mining Ltd., aiming to seal one of the biggest deals for a global gold miner as the industry struggles to make large new discoveries of the precious metal.
Newmont, based in Colorado and one of the world’s largest producers of gold, submitted a conditional and nonbinding indicative proposal to acquire Newcrest, Australia’s largest listed gold producer. Newmont said it would offer 0.380 of its own shares for each Newcrest share held.
