Lihir backs sweetened deal

THE tie-up of what will be Asia-Pacific’s leading gold producer moved a major step forward today with takeover target Lihir Gold urging shareholders to back a sweetened bid from Newcrest Mining which values the company at $A9.5 billion.

Lihir backs sweetened deal Lihir backs sweetened deal Lihir backs sweetened deal Lihir backs sweetened deal Lihir backs sweetened deal

In a joint statement, the gold miners announced they have entered into a merger implementation agreement under which Newcrest will purchase all of Lihir’s shares under a scheme of arrangement.

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