Barrick shareholders set to approve Randgold acquisition – sources
TORONTO – Barrick Gold shareholders have voted overwhelmingly in favor of the Canadian miner's $6.1-billion acquisition of Africa-focused Randgold Resources, three people familiar with the preliminary vote count told Reuters on Friday.
Around 99% of the votes tendered so far by Barrick investors are in support of the all-stock, no premium deal announced in September, two of the people said, surpassing the simple majority required to seal the deal.
The vast majority of institutional investors have cast their votes ahead of the remainder of Barrick shareholders who are set to vote on the transaction on Monday, the people said, declining to be identified as the information is not public.
Randgold has also got adequate shareholder support ahead of its November 7 meeting, one of the sources said, though the level of approval was unclear.
London-listed Randgold requires the support of 75% of the shares voted by a majority of its shareholders.
Barrick declined to comment. Randgold did not immediately respond to a request for comment.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation