Newmont Raises Newcrest Bid to $19.5 Billion
- Record deal would create the world’s biggest gold miner
- Denver-based gold giant would also increase exposure to copper
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US gold giant Newmont Corp. has sweetened its record bid for Australian rival Newcrest Mining Ltd., bringing closer the prospect of a new precious metal behemoth.
The revised takeover offer, valued at A$29.4 billion ($19.5 billion), comes two months after Newcrest rejected Newmont’s earlier $17 billion all-stock deal. Shareholders and analysts alike say the transaction looks much more likely to move forward following the boosted bid.