Newcrest Mining Receives Early-Stage Approach for Takeover
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Newcrest Mining Ltd.’s board has received an early-stage approach to buy the company and has asked for financial and legal advice to assess whether the proposal would be beneficial for shareholders, the AFR’s Street Talk reported, without saying where it got the information.
The miner’s board have retained investment bank Lazard Australia and Herbert Smith Freehills lawyers in Melbourne for advice, the newspaper said. Other banks may be involved, it added.