Randgold Resources' Merger With Barrick Gold Cleared by Jersey Court
December 17 2018 - 11:15AM
Dow Jones News
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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