Barrick proposes Acacia takeover

BARRICK Gold has met with its 63.9%-owned subsidiary Acacia Mining and proposed a buy-out of the shares it doesn’t already own.

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Barrick sees Acacia's North Mara mine as a potential future tier one asset

Barrick has offered 0.153 of a share for every one Acacia share held.

The proposed offer values at US$787 million, with total consideration for the 36.1% stake being $285 million.