Newmont Announces Canadian Competition Bureau Clearance For Acquisition Of Newcrest
Jul 18, 2023•about 2 years ago
Acquiring Company
Newmont
Acquired Company
Newcrest Mining
Description
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that the Canadian Competition Bureau issued a “no action” letter clearing Newmont’s previously announced transaction with Newcrest Mining Limited (ASX, TSX, PNGX: NCM) under Canadian competition law. Newmont is progressing towards receiving regulatory approvals in other jurisdictions for a transaction close expected in the fourth quarter.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed