Thornton nearly doubles his shareholding in Barrick
Executive chairperson John Thornton has bought 2 271 029 additional shares in Barrick Gold, nearly doubling its shareholding in the gold major to five-million shares.
Based on the exchange ratio of 6.128 Barrick shares for each share of Randgold Resources, under the recommended all-share merger between the two companies announced last week, the Randgold ordinary shares held by Mark Bristow would to convert into 5 141 600 Barrick shares following the completion of the merger.
Bristow will become president and CEO of Barrick after the merger.
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