Randgold Resources (LSE:RRS)
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1 Year : From Jul 2018 to Jul 2019
By Oliver Griffin
Randgold Resources Ltd. (RRS.LN) said Monday that the Royal Court of Jersey has sanctioned its merger with Barrick Gold Corp. (ABX.T).
The gold-mining company said in September that it had entered an all-share merger deal with Canada's Barrick, which agreed to buy Randgold for $6 billion.
Trading in Randgold's shares will stop on Dec. 31 and the combined company's shares will start trading on the New York Stock Exchange and Toronto Stock Exchange on Jan. 2.
Mark Bristow, Randgold's chief executive and the designate president and CEO of Barrick, said: "Barrick will be the world's biggest gold miner but our focus will be on making it the industry's most valued company."
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(END) Dow Jones Newswires
December 17, 2018 11:00 ET (16:00 GMT)
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