Barrick Gold and Acacia Mining reach buyout deal

From mining-technology.com

Barrick Gold has signed an agreement to acquire a stake in Acacia Mining not currently owned by the company. The acquisition is intended to be implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the deal, Barrick will swap 0.168 of a Barrick share for each share of Acacia in a transaction that values the company at about €951m. Barrick currently owns 262,246,950 Acacia shares, representing approximately 63.9% of the issued ordinary share capital of Acacia.Barrick Gold has signed an agreement to acquire a stake in Acacia Mining not currently owned ... (full story)