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Shareholders approve $A26 Billion all-paper bid for Newcrest by Newmont

Newmont Corporation announced on Thursday (Sydney time) that over 96% of shareholder votes favored the proposed $A26 billion all-paper bid for Newcrest (ASX:NCM).

The meeting took place on Wednesday, US time, while Newcrest shareholders are set to meet on Friday morning in Melbourne to vote on the transaction.

Both companies anticipate the deal closing in early November.

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