secwatch.observer — SEC 8-K summary
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Issuer:     NEWMONT Corp /DE/ (NEM)
CIK:        0001164727
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001104659-23-060865
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmont enters Scheme Deed to acquire all Newcrest shares; 0.400x share exchange ratio; closing Q4 2023
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- Newmont to issue ~358M shares (31% of post-close outstanding) in exchange for all Newcrest shares at 0.400 NEM per NCM.
- Transaction subject to Newmont and Newcrest shareholder approvals, court approval, and regulatory clearances (FIRB, Canada, PNG).
- Break fees: Newcrest pays Newmont US$178.5M; Newmont pays Newcrest US$374.8M under specified circumstances.
- Newcrest may pay up to $1.10 per share special dividend conditional on scheme becoming effective.
- Newmont to invite two Newcrest directors to its board; closing expected Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164727/000110465923060865/0001104659-23-060865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164727/000110465923060865/tm2315741d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-060865

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