After taking a small stake in Newmont Mining (NYSE:NEM), Barrick Gold (NYSE:GOLD) has made a proposal to merge in an all-share transaction. Each stockholder would receive 2.5694 Barrick shares per Newmont share. Barrick CEO Mark Bristow said the proposed merger would "unlock more than $7B net present value of real synergies, a major portion of which is generated by combining the two companies' highly complementary assets in Nevada." NEM +1.2% premarket.
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