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 […]