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Newcrest Mining Ltd (ASX: NCM) to acquire Pretium Resources Inc.

Newcrest Mining Ltd (ASX: NCM) has announced it has entered into an agreement to acquire all of the issued and outstanding common shares of Pretium Resources inc. (Pretivm) that it does not already own by way of a Canadian Plan of Arrangement. The acquisition adds a Tier 1 large scale, long life, low cost mine to Newcrest’s portfolio of Tier 1 assets. The acquisition will see every Pretivm shareholder receive consideration of C$18.50/share or 0.8084 Newcrest shares per Pretivm share.

Following the announcement, Newcrest Mining Ltd shares fell 1.46% to $24.99/share.

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