Newmont says early joint-venture talks with Barrick ‘constructive’ GlobeBusiness
Newmont Mining Corp says early joint venture talks with Barrick Gold Corp. have gone well.
Newmont’s chief executive officer Gary Goldberg and his counterpart at Barrick, Mark Bristow met Tuesday night for dinner in New York to try to hash out a JV in Nevada that could head off a protracted hostile takeover spat.Just over a week ago, Barrick proposed a US$17.8-billion no-premium takeover of Newmont that would thwart Newmont’s efforts to buy Goldcorp Inc. for US$10-billion.
If the two can reach agreement, Barrick’s CEO Mr. Bristow said he will consider dropping the offer for Newmont. Shares in both Newmont and Barrick have rallied in recent days indicating that investors like the idea of the two coming to an agreement on a JV.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barrick’s largest shareholder pushes for Nevada joint venture with NewmontBarrick Gold launched an $18 billion takeover offer for Newmont Mining last month, which Newmont rejected
Read more »
War of words between Newmont and Barrick grows hotter with Newmont slideshowThe slideshow called ‘Capturing the missing facts,’ takes aim at Barric CEO Mark Bristow and Chairman John Thornton
Read more »
Newmont rejects Barrick’s hostile takeover bid, but says firms should partner in NevadaU.S. mining company says shareholders should instead embrace its already announced plans to buy Goldcorp
Read more »
Barrick has no intention of raising its hostile bid for Newmont, source saysBarrick’s move is a ‘desperate and bizarre’ attempt to derail the takeover of Goldcorp, Newmont CEO says
Read more »
Newmont Mining board rejects Barrick takeover offerThe board of directors of Newmont Mining Corp. has unanimously rejected a hostile takeover offer from Barrick Gold Corp. and countered with a proposal of its own.
Read more »
Newmont board rejects Barrick’s hostile bid, proposes Nevada tie-upNewmont says the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount
Read more »
New Waterfront Toronto chair says it's too early to cancel Quayside projectWhen Ontario's auditor general released a report in early December calling on Waterfront Toronto to slow down on its smart city project with Alphabet Inc.-backed Sidewalk Labs, it prompted the federal government to fire three Waterfront Toronto board members, including chair Helen Burstyn.
Read more »
Mexico Threw Canada 'Under The Bus' During Trade Talks, Liberal MP SaysA side deal between the U.S. and Mexico appeared to blindside the Trudeau government.
Read more »
Legault says Quebec government already talking to SNC-Lavalin about how to save endangered jobsHe said a lengthy criminal trial for the firm, and the 10-year ban on bidding for federal contracts that would result from a conviction, could have dire results
Read more »