Barrick ends hostile bid for Newmont, signs Nevada joint venture

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Barrick Gold Corp has withdrawn its proposal to buy Newmont Mining Corp, the companies said on Monday, ending a hostile takeover effort that ...

REUTERS: Barrick Gold Corp withdrew its US$18 billion bid for its biggest rival Newmont Mining Corp, ending a hostile and bitter takeover effort that sought to unite the world's two biggest gold producers.

Barrick's offer included Newmont ditching its previously announced takeover of Canada's Goldcorp Inc, which on Monday backed the joint venture plans.

 

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