http://www.gata.org/node/1858
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Barrick Makes $18 Billion Hostile Bid for Newmont in Gold Mega-Merger
By John Benny Reuters Monday, February 25, 2019
Canada’s Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday in a hostile takeover that seeks to combine the world’s two largest gold producers.
Newmont responded by saying it had already reviewed and rejected possible deals with Barrick and said its own $10 billion pending purchase of Goldcorp Inc. made more business sense.
"The combination of Barrick and Newmont will create what is clearly the world's best gold company, with the largest portfolio of Tier One gold assets," Barrick Chief Executive Officer Mark Bristow said in a statement.
"Most important, it will enable us to consider our Nevada assets as one complex," he added. ...
... For the remainder of the report:
https://www.reuters.com/article/us-newmont-mi...k-gold/barri... * * *
