Newcrest shareholders have approved the goldminer's acquisition by Newmont in a $26.2 billion all-scrip transaction.
Newcrest said that 92.6 per cent of the 622 million votes cast by Newcrest shareholders were in favour of the takeover, and that 84.7 per cent of the 2,869 shareholders who voted cast ballots in favour of it.
The final paperwork making the acquisition legally binding should be lodged with the securities regulator on Wednesday, pending a court hearing on Tuesday that's basically a formality.
Newcrest shareholders will receive 0.4 Newmont shares for each Newcrest share they hold once the scheme becomes effective, as well as a special dividend.
Newcrest shares will be delisted on October 26 and Newmont shares will trade on the exchange via a CDI beginning on October 27.
Interim Newcrest CEO Sherry Duhe told the shareholders at the scheme meeting that the combined company would set a new benchmark in gold production with increased diversification across a premier portfolio of gold and copper assets.
Colorado-headquartered Newmont is the world's largest goldminer, with mines in the US, Australia, Canada, South America and Africa.
