M&A
confidence high
sentiment positive
materiality 0.70
Newmont gets FIRB and JFTC clearances for Newcrest acquisition; expects Q4 close
NEWMONT Corp /DE/
- FIRB issued No Objection Notification conditioned on standard tax compliance.
- JFTC clearance allows closing after September 30, 2023.
- Remaining regulatory approvals: Philippine Competition Commission and PNG Government.
- Annual pre-tax synergies of $500M targeted within 24 months; $2B cash improvements in first two years.
- Transaction expected to close in Q4 2023.