Plans to merge Barrick Gold Corp and Newmont Mining Corp break down, reports say
Talks to merge the world’s largest gold mining companies, Barrick Gold Corp. and Newmont Mining Corp., broke down Sunday amid minor disagreements that leave open the possibility that a deal could be revived, two people with knowledge of the matter said.
The companies had agreed to an all-stock merger and planned to announce the deal next week, the people said, asking not to be identified discussing private information. Barrick was to offer Newmont shareholders a premium of 13 percent over Newmont’s average trading price over the last 20 days, one of the people said.
Read more at: http://business.financialpost.com/2014/04/20/plans-to-merge-barrick-gold-corp-and-newmont-mining-corp-break-down-reports-say/
A Blog for Browsing Mining, Mineral Processing, and Metals Info 