• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Barrick Gold to take over Newmont Mining

26th February 2019

Barrick Gold to take over Newmont Mining Pin It

Canadian Barrick Gold, the world’s largest gold producer, has launched a hostile takeover bid for the US company Newmont Mining.

The bid has a value of almost 18 billion dollars and consists entirely of shares. The shareholders of Barrick then get almost 56 percent of the merged company and the shareholders of Newmont the rest. According to Barrick, the combination can lead to more than $ 7 billion in financial benefits, including the merging of activities in Nevada.

In January it was announced that Newmont and the Canadian Goldcorp would like to merge into a $ 10 billion deal in order to better compete with Barrick. If the acquisition of Newmont by Barrick succeeds then this deal is probably canceled.

Last year, Barrick took over his smaller rival Randgold in a billion-dollar deal. In the past there was more frequent rapprochement between Barrick and Newmont, but these negotiations led to nothing. In 2014, the last talk was between the companies about a merger.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

ArcelorMittal in Saudi Arabia…

In Money Matters

ArcelorMittal in Saudi Arabia is 'technically in default'

View Post

Next Post

Macy's to cut the senior…

In Money Matters

Macy's to cut the senior management

View Post

In IT, Innovation and Startups

Parler selects Belize-registered, Russian-owned internet security company

View Post

In Domestic Affairs

More than a third UK manufacturers are looking to replace foreign suppliers

View Post

In Foreign Affairs

Euro area exports reach almost a pre-coronacrisis level

View Post

In Money Matters

Tesco had a great Christmas sales but it does nothing to save the jobs

View Post

Newsletter

Latest News

View

Government allocates £23 million for compensations to fishermen

20th January 2021

View

Burberry turnover decreased 9 percent in Q4

20th January 2021

View

Parler selects Belize-registered, Russian-owned internet security company

19th January 2021

next big trouble

View

Eventually, vaccination campaign will go 24 hours a day

18th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]