off-the-wire

Australia's Newcrest extends exclusivity period for Newmont's $20 bln offer

Kitco Media
By Reuters
Published:
Updated:
Reuters

May 12 (Reuters) - Australia's Newcrest Mining Ltd said on Friday it has extended the exclusivity period by a week for Newmont Corp to complete its due diligence on its A$29.4 billion ($19.94 billion) final takeover offer.

The exclusivity period for Newmont's best and final offer of A$32.87 per share, which was set to expire on Thursday, has now been extended until May 18.


($1 = 1.4743 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

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