Lihir Rejects Newcrest Bid

Lihir Gold has rejected an US$8.5 bn billion takeover offer from Newcrest Mining

Ron Cameron, senior analyst at Ord Minnett and Greg Canavan, editor of Sound Money - Sound Investments, weigh in on the deal, with CNBC's Amanda Drury & Sri Jegarajah

Lihir Gold Rejects Takeover Bid from Newcrest

Ross Garnaut, chairman of Lihir Gold says there were several reasons they rejected a takeover bid from Newcrest including a too small premium. He discusses the other reasons during a phone interview with CNBC's Oriel Morrison.