{"id":1101928,"date":"2019-02-25T10:52:48","date_gmt":"2019-02-25T10:52:48","guid":{"rendered":"http:\/\/www.mining.com\/?p=973240"},"modified":"2019-02-25T10:52:48","modified_gmt":"2019-02-25T10:52:48","slug":"its-happening-barrick-makes-hostile-17-8-billion-bid-for-newmont","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1101928","title":{"rendered":"It\u2019s happening \u2014 Barrick makes hostile $17.8 billion bid for Newmont"},"content":{"rendered":"<p>Canada\u2019s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world\u2019s second-largest bullion producer, is going hostile in its bid to acquire\u00a0Newmont Mining (NYSE:NEM) and create a mega-gold corporation <a href=\"https:\/\/www.barrick.com\/news\/news-details\/2019\/Barrick-Proposes-Merger-With-Newmont\/default.aspx\"  rel=\"noopener\">with a $17.8 billion in an all-share offer<\/a>.<\/p>\n<p>The move increases the potential for a three-way fight among some of the world\u2019s largest gold miners, and comes after Newmont\u2019s chief executive, Gary Goldberg, <a href=\"http:\/\/www.mining.com\/barrick-gold-confirms-talks-merger-newmont\/\"  rel=\"noopener\">qualified the approach as a &#8220;desperate&#8221; and &#8220;bizarre&#8221;<\/a> move by Barrick.<\/p>\n<p>If successful, the bid will create the world\u2019s largest gold company with a value of around $42 billion at current market prices.<\/p>\n<p><em>More to come\u2026<\/em><\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/happening-barrick-makes-hostile-17-8-billion-bid-newmont\/\">It\u2019s happening \u2014 Barrick makes hostile $17.8 billion bid for Newmont<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If successful, the move will create the world&rsquo;s largest gold company with a value of around $42 billion at current market prices.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/happening-barrick-makes-hostile-17-8-billion-bid-newmont\/\">It&rsquo;s happening &mdash; Barrick makes hostile $17.8 billion bid for Newmont<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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