Miner Barrick agrees to buy Randgold to create $18bn gold giant
The blockbuster deal was described as a merger but is effectively a takeover (AFP Photo/ARNE DEDERT)/ London (AFP) - Canadian mining giant Barrick Gold agreed Monday to buy Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will own a majority 66.6-percent stake. Randgold shareholders will hold the rest. The enlarged company, keeping the Barrick name, will be traded in New York and ...
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