Newmont CEO Calls Barrick Bid ‘Desperate’ and ‘Bizarre’ as Board Rejects $17.8 Billion Hostile Offer

Newmont Mining rejected Barrick Gold’s $17.8 billion unsolicited takeover bid, a deal that would’ve created the world’s largest gold producer. The board unanimously rejected the proposal, saying it would not be better than Newmont’s previously announced takeover of Goldcorp, the Colorado-based company said in a statement Monday. Instead, Newmont submitted a joint venture proposal to […]

Barrick Gold Is Going Hostile in Bid for Newmont Mining With $17.8 Billion Offer

Barrick Gold is going hostile in its bid to acquire Newmont Mining and create the world’s largest gold producer by offering $17.8 billion for the company in all share deal. The offer raises the potential for a three-way fight between some of the world’s largest gold miners, and comes after Newmont’s chief executive blasted talks […]