Newmont Mining said that rival miner Barrick Gold has taken a small stake, a move that comes ahead of a potential hostile bid by the Canadian company
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Barrick gamble is one part logic, two parts follyThe gold giant is eyeing a hostile move for $19 bln rival Newmont, the Globe and Mail says. The merger has been mooted before and may yield synergies, but the buyer has just acquired Randgold and the target is buying Goldcorp. It sounds badly timed and poorly considered.
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Barrick gamble is one part logic, two parts follyThe gold giant is eyeing a hostile move for $19 bln rival Newmont, the Globe and Mail says. The merger has been mooted before and may yield synergies, but the buyer has just acquired Randgold and the target is buying Goldcorp. It sounds badly timed and poorly considered.
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