NEWMONT Corp /DE/ (NEM): M&A transaction — Newmont completes acquisition of Newcrest to create world's leading gold mining company

NEWMONT Corp /DE/

Acquisition closed November 6, 2023; Newmont issued 357.7M shares at 0.400 shares per Newcrest share.
Newmont expects $500M annual pre-tax synergies within 24 months and $2B+ cash improvements from portfolio optimization.
Combined company now has 10 Tier 1 gold and copper operations, strengthening low-risk jurisdiction portfolio.
Newcrest's $1.65B in senior notes (3.250%, 4.200%, 5.75% due 2030/2050/2041) assumed; $2B revolver change-of-control provisions active.
Certificate of incorporation amended to authorize 2.55B common shares (up from 1.28B) to accommodate the acquisition.

item 2.01 item 2.03 item 3.02 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

NEWMONT Corp /DE/: Amended and restated certificate of incorporation to increase authorized common stock from 1,280,000,000 shares to 2,550,000,000 shares (effective 2023-11-03).

Change: charter amendment
Effective: 2023-11-03

Exact text from the filing

Newmont amended its amended and restated certificate of incorporation to increase its authorized shares of common stock from 1,280,000,000 shares to 2,550,000,000 shares, such share authorization having been approved at Newmont’s special meeting of stockholders held on October 11, 2023.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEWMONT Corp /DE/ completed an acquisition involving Newcrest Mining Limited for 0.400 shares of Newmont common stock ... 0.400 CHESS Depositary Interests ... or 0.400 PETS Depositary Interests (closed 2023-11-06).

Action: acquisition
Counterparty: Newcrest Mining Limited
Consideration: 0.400 shares of Newmont common stock ... 0.400 CHESS Depositary Interests ... or 0.400 PETS Depositary Interests
Closing: 2023-11-06

Exact text from the filing

ith Newcrest Mining Limited, an Australian public company limited by shares (“ Newcrest ”) whereby Newmont, through

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NEWMONT Corp /DE/ filing history →

Source: SEC EDGAR

accession 0001104659-23-114506

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