Newmont Gets Newcrest Data Access in Gold Takeover Tussle
- US miner’s limited due diligence could lead to revised offer
- Negotiations could take weeks or months, say investors
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Newmont Corp. has gained partial access to the corporate books of Australian rival Newcrest Mining Ltd., according to people familiar with the matter, a sign that the US company could make a revised offer to seal what would be the world’s largest gold takeover.
Newmont is undertaking limited due diligence on Newcrest weeks after management of the Melbourne-based miner dismissed a $17 billion proposal from the world’s top bullion producer, according to people who asked not to be named because the information isn’t public.