Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offe...
- Barrick Gold Corp, the world’s No. 2 gold miner, believes its proposed offer to take full control of its African unit is “more than fair” and will engage with Acacia Mining Plc’s board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.
Barrick’s May 21 share-for-share proposal valued Acacia at $787 million, a near 9% discount to its pre-offer closing price, drawing protests from Acacia’s minority shareholders. Acacia shares have risen 12% since the original proposal, and closed broadly in line with the offer value on Tuesday.“No one has ever won a takeover by approaching a company, offering a discount ... at the same time going against their own internal valuation, and then subsequently producing a bunch of new assumptions that make no logical sense for anyone, except the bidder,” said a top-10 Acacia shareholder, who requested anonymity.
“I’ve never been one that draws a line in the sand without proper engagement, and we’re committing again to engagement,” Bristow said. “But no one’s come up with an alternative.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Huawei CEO says underestimated impact of U.S. ban, sees revenue dipHuawei Technologies Co Ltd's founder and CEO Ren Zhengfei said the impact o...
Baca lebih lajut »
Atlas Music Publishing CEO: Solutions to Streaming Rate Debate 'Staring Right at Us' (Guest Op-Ed)Today, speaking as just the guy who wants to see all creators paid fairly and for the business to stop wasting time and money, I want to discuss this elephant.
Baca lebih lajut »
Google CEO: YouTube is too big to fix completelyGoogle CEO Sundar Pichai says while the company will work to remove as much harmful content as possible, it can't remove all of it.
Baca lebih lajut »
Apple CEO Tim Cook holds tech companies accountable at Stanford speech
Baca lebih lajut »
Boeing CEO says the safe return of its 737 Max aircraft is 'most important'Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.
Baca lebih lajut »
Tariffs hurt the economy, but China must be held accountable, Union Pacific CEO saysUnion Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.
Baca lebih lajut »