Submitted by cpowell on 02:17PM ET Friday, February 22, 2019. Section:
Daily Dispatches
By Niall McGee and Rachelle Younglai
The Globe and Mail, Toronto
Thursday, February 21, 2019
Barrick Gold Corp. is mulling a takeover bid for Newmont Mining Corp.,
a transaction that would represent one of the largest mining deals ever
and solidify the Toronto-based companys position as
the world's largest gold producer.
Barrick is working on a plan for a two-step deal that would see it
take over Colorado-based Newmont for about US$19 billion in stock,
then flip some of Newmont's assets to Australia's Newcrest Mining,
according to industry sources familiar with the situation.
... Dispatch continues below ...
The sources, who were granted anonymity by The Globe because they were
not authorized by their employers to speak publicly, cautioned that
there are still a number of hurdles.
One of those obstacles is winning support from shareholders of Newmont.
The company is attempting to close its own US$10 billion acquisition of
Vancouver miner Goldcorp Inc., which was announced only last month.
Under the potential terms of the deal, Barrick would keep
Newmonts Nevada and African mines, while Newcrest would take over its
Australian operations, which are worth billions. ...
... For the remainder of the report:
https://www.theglobeandmail.com/business/article-barrick-eyes-hostile-bi...
https://www.theglobeandmail.com/business/article-barrick-eyes-hostile-bid-as-newmont-set-to-become-no-1-gold-producer/
* * *
Recent NEM News
- ニューモント、2023年度サステナビリティ報告書と2023年度税務・ロイヤリティ報告書を発表 • Business Wire • 04/18/2024 09:16:00 PM
- Newmont veröffentlicht Nachhaltigkeitsbericht und Steuer- und Royalties-Bericht für 2023 • Business Wire • 04/18/2024 08:09:00 PM
- Newmont publica Relatório de Sustentabilidade de 2023 e Relatório de Contribuições Fiscais e Royalties de 2023 • Business Wire • 04/18/2024 07:06:00 PM
- Newmont publica el Informe de Sostenibilidad 2023 y el Informe de Impuestos y Cánones 2023 • Business Wire • 04/18/2024 05:53:00 PM
- Newmont publie son rapport 2023 sur le développement durable et son rapport 2023 sur les impôts et les redevances • Business Wire • 04/18/2024 05:53:00 PM
- Newmont Publishes 2023 Sustainability Report and 2023 Tax & Royalties Report • Business Wire • 04/18/2024 12:00:00 PM
- Newmont Announces First Quarter 2024 Earnings Conference Call • Business Wire • 04/12/2024 01:00:00 AM
- Newmont schließt Global Community Support Fund im Wert von 20 Mio. USD ab und arbeitet mit Gemeinden zusammen, um deren Widerstandsfähigkeit nach der Pandemie zu erhöhen • Business Wire • 04/05/2024 08:23:00 AM
- Newmont clôture un fonds de soutien communautaire mondial de 20 millions de dollars en partenariat avec les communautés en vue du renforcement de la résilience postpandémique • Business Wire • 04/05/2024 08:08:00 AM
- ニューモント、パンデミック後のレジリエンス向上のためコミュニティーと提携し2000万ドルのグローバル・コミュニティー支援基金を完了 • Business Wire • 04/05/2024 07:52:00 AM
- Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic • Business Wire • 04/04/2024 11:06:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/11/2024 08:44:01 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/11/2024 08:37:56 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/11/2024 08:31:59 PM
- Newmont Announces Pricing of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility • Business Wire • 03/04/2024 10:29:00 PM
- Newmont Announces Offering of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility • Business Wire • 03/04/2024 01:41:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:37:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:35:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:32:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:31:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:30:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 10:30:02 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 12:51:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 12:12:27 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM