Newmont announced that Papua New Guinea’s, or PNG, Independent Consumer & Competition Commission, or ICCC, granted clearance for the company to proceed with its proposed acquisition of Newcrest Mining Limited. Newmont, in consultation with Newcrest, has also determined that no premerger notification under the Hart-Scott-Rodino Act will be required in the United States for the transaction to move forward. Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year. Last month, the Canadian Competition Bureau issued a “no action” letter clearing the proposed acquisition.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NEM:
- Newmont price target lowered to $50 from $55 at Argus
- Newmont price target lowered to $55 from $59 at TD Securities
- Barclays loves these gold mining stocks — and gives them double-digit upside
- Newmont downgraded at CIBC after weaker-than-expected Q2 results
- Newmont downgraded to Neutral from Outperformer at CIBC