CAPITAL MARKETS

Barrick thwarts Minmetals with $7.1B Equinox bid

IN a surprise move, China's Minmetals Resources has pulled out of its takeover bid for copper miner Equinox Resources after pure gold play Barrick Gold Corporation thwarted its attempt with a superior $C7.3 billion ($A7.1 billion) bid.

MiningNews.Net

Barrick thwarts Minmetals with $7.1B Equinox bid

The offer of $C8.15 per share has been recommended by the Equinox board, superior to the $7 per share or $6.3 billion that Minmetals was prepared to pay for the group. The Barrick bid also includes...

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