Barrick Gold’s proposal to take full control of its Acacia Mining Plc unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia’s minority shareholders, who may have the ultimate vote on a deal. Barrick’s offer values Acacia at $787-million, a near 11% discount to its Tuesday close and 42% below Barrick’s own audited valuation of Acacia’s assets in its 2018 annual report.
