Newspaper article The Canadian Press

EU-Britain-Gold Merger-Update

Newspaper article The Canadian Press

EU-Britain-Gold Merger-Update

Article excerpt

Barrick Gold buying Randgold Resources

--

TORONTO - After years of cutbacks, Barrick Gold Corp. has agreed to take over Randgold Resources in an all-share deal worth about 7.9-billion dollars (Cdn) that will solidify its position as the world's biggest gold producer.

Randgold investors will receive 6.128 Barrick shares for each of their shares to own about a third of a new Barrick group with some 12.5-billion in revenue and an expected 23.7-billion market capitalization.

Barrick executive chairman John Thornton says the deal brings together two companies focused on efficient operations and returns to shareholders as measured by growth in free cash flow.

He says both companies are committed to financial prudence, particularly in maintaining a strong balance sheet. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.