By Rhiannon Hoyle

Newcrest Mining Ltd. said Monday it has received a conditional and non-binding indicative takeover proposal from Newmont Corp.

The Australia-listed gold miner said Newmont on Sunday proposed acquiring Newcrest in a deal that would give shareholders 0.380 Newmont shares for each Newcrest share held.

Newcrest said it rejected an earlier proposal from Newmont to buy the company for 0.363 Newmont shares for each Newcrest share.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

February 05, 2023 18:08 ET (23:08 GMT)

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