BofA, Lazard tow Newmont into Newcrest bid

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BofA, Lazard tow Newmont into Newcrest bid
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Bank of America and Lazard have scored front row seats to the biggest Australian M&A deal in the past year.

A deal in the past year.

Newmont, the biggest gold producer globally, spun off Newcrest as its Australian subsidiary in the 1960s, and is now trying to buy the ASX-listed miner back. Newmont lobbed its revised bid on Sunday. It offered 0.38 of its own shares for every Newcrest share on an indicative and non-binding basis, having already been rejected on an earlier approach.

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