PRECIOUS METALS

Barrick proposes US$17.8B all-share bid for Newmont

Barrick Gold president and CEO Mark Bristow has hailed its proposed no-premium US$17.8 billion all share acquisition of Newmont Mining as an “unprecedented value creation opportunity for shareholders” that would capture “the missing billions".

 Mark Bristow has just done a whirlwind visit to Barrick properties but his focus on Newmont shows his interest lies in Nevada

Mark Bristow has just done a whirlwind visit to Barrick properties but his focus on Newmont shows his interest lies in Nevada

Newmont said it was evaluating the proposal but highlighted the fact it had previously "reviewed and rejected" Barrick and Randgold Resources merger options and declined, and attacked Barrick's shareholder...

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