Barrick Makes Unsolicited Bid for Newmont, but Potential Deal Faces Many Challenges in Current Form
After confirming news that it considered an acquisition of Newmont on Feb. 22, Barrick Gold formally announced an unsolicited bid on Feb. 25. Barrick's all-share offer contains no premium at an exchange rate of 2.5694 Barrick shares for each Newmont share. At Barrick’s current share price, the offer price is roughly $32 per share, which is a 16% discount to our fair value estimate for Newmont but roughly within fair value range due to our very high uncertainty rating.Given Newmont's resistance ...
Goldcorp is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. Co.'s metal properties consist of gold, silver, copper, lead and zinc.
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