Barrick Gold Corp
Barrick Gold drops takeover bid for Newmont Mining
Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations.Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock.The joint venture will include the companies' assets and reserves ...
Barrick Gold goes after Newmont to create mining giant
Barrick Gold will try to acquire Newmont Mining Corp. in an all-stock deal that would create a mining behemoth worth about $42 billion.Newmont, based in Colorado, has shunned the Canadian miner so far, and the latest overture could become hostile.Under the proposal, Newmont stockholders would receive 2.5694 Barrick shares for ...
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