Renewable Energy

Barrick Gold gets more time to make firm offer for Acacia

Credit: REUTERS/CHRIS HELGREN

Gold miner Acacia Mining Plc said on Tuesday that it agreed to extend the deadline for Canadian miner Barrick Gold Corp to make a firm offer for the company.

June 18 (Reuters) - Gold miner Acacia Mining Plc ACAA.L said on Tuesday that it agreed to extend the deadline for Canadian miner Barrick Gold Corp ABX.TO to make a firm offer for the company.

Acacia, majority-owned by Barrick, said that the last date to make a firm offer or walk away from making one has been extended on Barrick's request to July 9. The original deadline expires on Tuesday.

Last month, Barrick had proposed to acquire the remaining Acacia shares, valuing Acacia at $787 million and total consideration to the minority shareholders of Acacia of $285 million.

(Reporting by Sangameswaran S in Bengaluru; Editing by Shailesh Kuber)

((Sangameswaran.S@thomsonreuters.com; within U.K +44 020 7542 1810; outside U.K. +91 80 6749 3544; Reuters Messaging: Sangameswaran.S.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More