Good evening,

Day three of the Newcrest Mining story, and it’s remarkable how quiet the deal’s gone.

Barrick’s taken the heat out of any talk of a counterbid, while Newmont shares have traded better than expected given the size of its proposed acquisition and the all-scrip consideration.

Newcrest shareholders are all hoping for a bump - and have been telling their board and bankers exactly that - but seem happy enough to fold in at the right price.

So despite the leak over the weekend, both sides seem to be getting down to business. You’d have to think Newcrest tries to secure more for its shareholders before granting any due diligence. The miner was said to be well-prepared for the approach, having been down a similar path with Barrick only a few years back.

In Street Talk tonight, we’ve spotted Pacific Hydro line up a big funding package, and check in on Suncorp’s divestments program.

We’ve also caught wind of a trio of securitisations to re-open the capital markets’ hotspot.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood

Street Talk Editors