Canada’s Barrick Gold To Buy Randgold Resources In $18.3 Billion Deal

One America News Network | 4/24/2016 | Staff
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LONDON (Reuters) – Randgold Resources Ltd said on Monday it agreed to the terms of a recommended share-for-share merger with Canada’s Barrick Gold Corp in a deal worth $18.3 billion.

Under the terms of the deal, each Randgold shareholder will receive 6.1280 new Barrick shares for each share of the African rival, the companies said.

Barrick - Shareholders - Percent - Barrick - Company

Barrick shareholders will own about 66.6 percent of the new Barrick merged company while Randgold shareholders will own about 33.4 percent.

Randgold’s long-term chief executive Mark Bristow will retain that same role in the new merged company while...
(Excerpt) Read more at: One America News Network
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