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Takeover talk pushes Placer, Newcrest higher

SHARES in Placer Dome have followed Newcrest to a sharply higher level as speculators take positi...

Tim Treadgold

In trading overnight in Canada, Placer Dome shares rose by 5% amid speculation that Newmont would use a recent US$1 billion capital raising to launch a takeover bid. The move followed a similar rise...

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