Original article by Nick Evans
The Australian – Page: 16 : 8-Feb-23

Shares in Newcrest Mining rose 1.7 per cent to $24.95 on Tuesday. Newmont Corporation’s takeover offer comprises 0.38 of its shares for every Newcrest share, giving its bid an implied value of about $27.16 per share when it was launched. Jon Mills of Morningstar and Kate McCutcheon of Citigroup are among the analysts who are of the view that Newmont’s offer undervalues Newcrest. Meanwhile, Barrick Gold Corporation’s CEO Mark Bristow has ruled out making a rival bid for Newcrest.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, NEWMONT CORPORATION, MORNINGSTAR PTY LTD, CITIGROUP PTY LTD, BARRICK GOLD CORPORATION