A group led by T. Boone Pickens...

A group led by T. Boone Pickens Jr. launched a formal tender offer for Newmont Mining, saying it would buy enough shares of the gold and coal mining company to give it control. Ivanhoe Acquisition said it will pay $95 a share for up to 28 million of Newmont’s shares. Along with the 6.65 million shares the group already owns, this would give it 51% of the stock on a fully diluted basis. The offer values Newmont at about $6.3 billion.