World's largest gold miner Newmont to buy Newcrest in $19-bn deal

World's largest gold mining company Newmont secured a $19.2-billion deal to buy Australian rival Newcrest Mining. Newcrest shareholders would receive 0.400 Newmont shares for each Newcrest share they currently hold. Denver-based Newmont aims to generate $2 billion in cash flow as a result of the takeover. Newcrest's shares rose 1.9% in Sydney after the producer announced details of the deal.