Barrick Gold bids to acquire remaining Acacia shares
May 21 (Reuters) - Canadian miner Barrick Gold Corp ABX.TO on Tuesday said it proposed to acquire all of the shares it does not already own in Acacia Mining through a share for share exchange of 0.153 Barrick shares for each ordinary share of Acacia.
The proposal values Acacia at $787 million and total consideration to the minority shareholders of Acacia of $285 million, Barrick said.
(Reporting by Manojna Maddipatla in Bengaluru; Editing by Sandra Maler)
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