Newcrest investors say $24.4b bid is not enough

According to The Australian Financial Review, the world’s largest gold miner has lobbed a blockbuster $24.4 billion bid for ASX-listed Newcrest Mining, but faces a pushback from investors who are hoping to set up an auction for the local giant.
Newcrest is Australia’s largest gold miner, and operates in NSW, Western Australia, Papua New Guinea, Canada and Ecuador. US-based Newmont owns Boddington in WA and Tanami in the Northern Territory as well as assets in Africa, South America and North America. Newcrest shares rose 9.3 per cent on 6 February to $24.53.

https://www.afr.com/companies/mining/newcrest-investors-say-24-4b-bid-is-not-enough-20230206-p5ci9j