Randgold Resources: CEO Hasn't Held Acacia Offer Discussions

Date : 11/07/2018 @ 6:03PM
Source : Dow Jones News
Stock : Randgold Resources Limited ADS Each Represented BY One Ordinary Share (delisted) (GOLD)
Quote : 82.89  0.0 (0.00%) @ 1:00AM

Randgold Resources: CEO Hasn't Held Acacia Offer Discussions

Randgold Resources (LSE:RRS)
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By Dimitrios Kontos

 

Randgold Resources Ltd. (RRS.LN) said Wednesday that its chief executive, Mark Bristow, has "held no specific discussions" with Barrick Gold Corp. (ABX.T) or Acacia Mining PLC (ACA.LN) with regards to a possible offer for Acacia.

Views expressed by Mr. Bristow in an interview with The Times newspaper were his own and "in no way were intended to reflect Barrick's intentions," the company said.

The company issued the statement following a Wednesday article that features this quote by Mr. Bristow: "One of the options that Barrick has is to roll up Acacia into Barrick itself, in other words issue Barrick's shares to the Acacia minorities, take it back within the company and consolidate it."

Acacia is majority-owned by Barrick, which is set to merge with Randgold in January.

 

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

 

(END) Dow Jones Newswires

November 07, 2018 12:48 ET (17:48 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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