Rejection of Barrick bid is ‘no brainer’, top Acacia investor says

Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold’s low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it. The comments in an interview are the first public response from one of Acacia’s top shareholders since Barrick’s offer earlier this month to buy them out for $787 million.