Randgold Resources' Merger With Barrick Gold Cleared by Jersey Court

Date : 12/17/2018 @ 4:15PM
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' Merger With Barrick Gold Cleared by Jersey Court

Randgold Resources (LSE:RRS)
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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."

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

December 17, 2018 11:00 ET (16:00 GMT)

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

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