SYDNEY – Australia Newcrest Mining (NCM.AX: Quote) said it completed due diligence on rival Lihir Gold (LGL.AX: Quote), and expects a full eight billion U.S. dollars takeover creating the world’s fourth-biggest listed gold digger in September.She added in a statement on Tuesday that Lihir now, all discussions with third parties to stop. At least four of the world’s largest gold producers have looked at the books of Lihir Newcrest, but was seen as the only bidder, people familiar with the situation said Monday.
* Newcrest satisfied with due diligence of Lihir
* $ 8,000,000,000 deal expected to close in September
* Newcrest says Lihir to stop discussion with others
Newcrest, which last month launched a bid for local rival, said it expects the timetable to complete a deal would be extended by up to two weeks.
“As a result, the scheme meeting will probably be held in August, with the completion of the merger in September 2010, subject to shareholder approval Lihir operation,” Newcrest said in a statement.
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