Normandy 07 Application Resolved
The Panel is pleased to advise the resolution of the application by Newmont in relation AngloGold's notice of extension of its bid for Normandy which the Panel announced yesterday. The notice was sent to Normandy shareholders last Friday.
Newmont had raised concerns about the statement in the notice:
"Although we have not declared the offer final, we have said that this offer is full and fair and that we have no basis upon which we could justify a further increase in the offer."