POTENTIAL DEAL DETAILS
|Newmont Mining Corporation
Canada’s Barrick Gold Corp (GOLD) is exploring a hostile bid for Newmont Mining Corp (NEM) for about $19 billion in stock, potentially one of the largest mining deals ever, the Globe and Mail reported on Thursday, citing industry sources familiar with the situation.
February 24, 2019: Newmont Mining Corp. (NEM) said Sunday that rival miner Barrick Gold Corp. (GOLD) has taken a small stake in the company and proposed to make it easier for Newmont stock owners to call a shareholder meeting, a move that comes ahead of a potential hostile bid by the Canadian company.
February 25, 2019: Barrick Gold Corporation (GOLD) today announced that it has made a proposal to the Newmont Mining Corporation (NEM) Board of Directors to merge with Newmont in an all-share transaction, saying a combination of the two would form the world’s best gold company with unprecedented potential for value creation.
February 25, 2019: Barrick Gold Corp. (GOLD) said Monday it has proposed an all-share merger with Newmont Mining Corp., (NEM) a move that could create a mining giant that would be valued, at current market prices, at around $42 billion.
March 01, 2019: Barrick Gold Corp. (GOLD) has no intention of increasing its hostile offer for Newmont Mining Corp., (NEM) according to a person familiar with the matter who asked not to be identified because the talks are private.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.