Barrick Gold bids to acquire remaining Acacia shares

Section:

By Manojna Maddipatla
Reuters
Tuesday, May 21, 2019

Canadian miner Barrick Gold Corp. said today it has proposed to acquire all of the shares it does not already own in Acacia Mining through a share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia.

The proposal values Acacia, which is majority-owned by Barrick, at $787 million and total consideration to the minority shareholders of Acacia of $285 million, Barrick said.

... Dispatch continues below ...



ADVERTISEMENT

Fisher Precious Metals is preparing and equipping clients for the upcoming 'Everything Bubble'

Fisher Precious Metals, voted North America's bullion dealer of the year for 2018 and known for personal service and great pricing, has been helping Americans and Canadians protect their wealth with precious metals for more than a decade. Enjoying a five-star client rating across the internet with no complaints at the Better Business Bureau, the team at Fisher Precious Metals works hard to serve you.

We have helped thousands of clients in buying and selling bullion, arranging segregated and offshore storage, establishing precious metals IRAs, and obtaining certified precious metals appraisals. We provide security to our clients with our Bullion Authenticity Guarantee. We recommend that you read our article "How to Avoid Bullion Counterfeits":

https://fisherpreciousmetals.com/precious-metals/bullion-authentication/

As a family-owned business, we strive to help you assess your wealth-protection goals and overall investment objectives. From the new precious metals buyer to the seasoned bullion investor, we are here to help you with a no-pressure, confidential consultation. Rest assured that everyone in our firm owns physical precious metals and no one is compensated via commission -- period.

Fisher Precious Metals is your full-service precious metals investment partner for life. Please call us at 1-800-390-8576 or visit us here:

https://fisherpreciousmetals.com



In its statement, Barrick said it has been negotiating with the government of Tanzania for two years to settle a tax dispute tat could allow Acacia to resume its full operations in the country.

In a results presentation this month, Barrick CEO Mark Bristow said Acacia was not cooperating in the negotiations and that Barrick was "stuck in the middle," prompting Acacia's interim CEO to criticize what he called Barrick's early intervention. ...

... For the remainder of the report:

https://www.reuters.com/article/us-acacia-mining-m-a-barrick-gold/barric...

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16