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Stock Market & Financial Investment News

News Breaks
April 28, 2014
13:33 EDTNEM, ABXBarrick Gold clarifies merger discussions with Newmont Mining
In response to a press release issued today by Newmont Mining (NEM), Barrick Gold (ABX) confirms that the company had negotiated a term sheet for a proposed merger between Barrick and Newmont, which was agreed upon and signed by both parties on April 8. Since then, Newmont has sought to renege on three foundational elements of the signed term sheet: the location of the head office of the merged company in Toronto; the identification of any specific assets that would be included in a spin-off company; and the carefully constructed governance arrangements, particularly with respect to the roles and authority of the Chairman, the Lead Director and the CEO. Both companies were in full agreement that the merger would produce substantial added value for shareholders, through unique synergies that can only be achieved by combining Barrick and Newmont, and the spin-off and further rationalization of certain of the companies' combined assets.
News For ABX;NEM From The Last 14 Days
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October 1, 2015
06:20 EDTABX, NEMBarrick adviser: Not in talks with Newmont on gold mine stake sale, Reuters says
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September 29, 2015
17:05 EDTABXRoyal Gold closes Pueblo Viejo Stream transaction with Barrick Gold subsidiary
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