Newmont Corp Offers $19.54 Billion for Australia’s Gold Miner Newcrest Mining Ltd

Newcrest Mining Ltd stated on Tuesday that it had granted access to its accounts to Newmont Corp of the United States following a sweetened deal.

That valued the Australian gold miner at 29.5 billion Australian dollar (19.54 billion dollar).

For each shares owned under the revised offer, Newcrest owners will get 0.400 Newmont shares. The Australian miner had been valued at $16.9 billion in the previous offer of 0.380 Newmont shares.

At 16 percent increase over the initial offer, the most recent bid offers an implicit offer price of 32.87 Australian dollar per Newcrest share.

By market value & ounces output, Newmont already is the global largest for gold production. But if it is successful in its acquisition bid of Newcrest, the combined company’s output will increase by almost twofold.