Newmont rejects Barrick’s buyout offer, proposes Nevada tie-up

Newmont Mining Corp on Monday rejected rival Barrick Gold Corp’s unsolicited offer, saying the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount.

However, Newmont said it submitted a joint venture proposal to Barrick for operations in Nevada.

Please follow and like us:

Leave a Reply

Your email address will not be published.

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.