Barrick’s move is a ‘desperate and bizarre’ attempt to derail the takeover of Goldcorp, Newmont CEO says
Barrick Gold Corp. has no intention of increasing its hostile offer for Newmont Mining Corp., according to a person familiar with the matter who asked not to be identified because the talks are private.
The world’s two largest gold producers have spent this week making their cases to their biggest investors, most of whom own shares in both companies. Barrick’s chief executive officer has defended the lack of a premium in the deal, saying there are US$7 billion in synergies from the combination and that will add value.
Less Push-BackBristow said Thursday that the company has received less push-back from investors on this zero-premium deal than the one for Randgold, “where we had to do some convincing of the logic of an at-market transaction.”
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