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Strategies & Market Trends : Value Investing

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From: E_K_S2/25/2019 8:56:48 AM
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Barrick Gold launches bid to acquire Newmont
Feb. 25, 2019 6:17 AM ET

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.
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Barrick says there is over $7Bln in synergies or about 30% of the acquisition price of $23Bln.

EKS
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