sydneynewcrest mining said it has agreed to a 175 billion takeover by newmont extending a wave of deals in the sector as global miners seek to boost their exposure to metals like copper and gold newcrest said on monday that it recommends shareholders vote in favor of newmonts offer which comprises 0400 of its own shares for each newcrest share in addition newcrest is permitted to pay a special dividend of up to 110 a share around the time any deal completes those terms were in line with a revised offer pitched by newmont that was announced to the market by newcrest on april 11 however the price of newcrests stock implied by the transaction has fallen over the past month newcrest said on monday that the deal implies a price for its own stock of 2927 australian dollars us1953 representing a 304 premium to where its shares were trading in early february prior to newmonts interest becoming known