Newmont’s $16.7 billion Newcrest deal gets all regulatory nods; nears shareholder vote By Reuters

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<span>© 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/File Photo</span><br />
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<p>(Reuters) -Australian gold miner Newcrest Mining (OTC:) said on Friday Newmont Corporation, its suitor for a proposed A$26.2 billion ($16.68 billion) buyout, had received all government regulatory approvals required for the deal to go through. </p>
<p>The deal still awaits the crucial Newcrest shareholder vote, scheduled for Oct. 13.</p>
<p>“The approvals include ones from the Australian Foreign Investment Review Board and competition authorities in Australia, Canada and Papua New Guinea,” Newcrest said in a statement. </p>
<p>Australia’s largest gold miner, Newcrest, had in May backed the takeover offer from Newmont, in what would be the third-largest deal ever involving an Australian company.</p>
<p>Newmont, the world’s largest gold producer, and Newcrest anticipate the transaction closing in the fourth quarter of this year, subject to the satisfaction of customary closing conditions.</p>
<p>Newmont did not immediately respond to a Reuters request for comment. </p>
<p>($1 = 1.5706 Australian dollars)</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/newmont-gets-all-regulatory-approvals-for-167-billion-newcrest-deal-3191830">Source link </a></p><p>The post <a href="https://forextraderhub.com/newmonts-16-7-billion-newcrest-deal-gets-all-regulatory-nods-nears-shareholder-vote-by-reuters.html">Newmont’s $16.7 billion Newcrest deal gets all regulatory nods; nears shareholder vote By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>