Newmont shares slip after miner boosts Newcrest offer to nearly $20 billion

Newmont shares
NEM,
-1.84%
slipped 2% in premarket trade after saying it’s increased its non-binding indicative offer for Newcrest Mining
NCM,
+5.16%.
The offer is 0.4 Newmont shares, plus it would allow Newcrest to pay a special dividend of $1.10 per share, that Newcrest says in total is worth A$32.87 per share, or A$29.4 billion ($19.6 billion). Newcrest agreed to give Newmont confirmatory due diligence, that Newmont expects to complete within four weeks.