Barrick Gold Mulls Bid for Rival Miner Newmont -Globe and Mail
February 22 2019 - 6:22AM
Dow Jones News
--Barrick Gold Corp. is considering a takeover bid for Newmont
Mining Corp., the Globe and Mail reports, citing unnamed
sources.
--The Toronto-based gold miner would pay around $19 billion in
stock for Colorado-based Newmont, the Globe and Mail says. If it
can win shareholder approval, it would represent one of the
largest-ever mining deals, according to the newspaper.
--The mooted deal would also see some of Newmont's assets
flipped to Australian miner Newcrest Mining Ltd., the Globe and
Mail reports.
Full story: https://tgam.ca/2VaGWQD
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
February 22, 2019 06:07 ET (11:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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