The acquisition of A fterpay Ltd by Square, Inc (now known as Block, Inc (ASX: SQ2) is a good example of an M&A. Announced in August 2021, the deal valued Afterpay at approximately AUD 39 billion (USD 29 billion), marking it as one of the largest in Australian history and a significant event in the global fintech and payments industry. More recently, Newcrest Mining Ltd, then the ASX's largest gold miner, was taken over by Newmont Corporation (NYSE: NEM) via a scheme of arrangement in 2023. Newcrest shareholders received CDIs in Newmont in return for their shares, giving them indirect ownership of a small portion of the global gold mining firm, which had a market capitalisation of US$29.22 billion when it took over Newcrest.