22nd Oct 2018 06:39
SAINT HELIER (Alliance News) - Barrick Gold Corp said that Institutional Shareholder Services Inc, an independent proxy advisory firm, has recommended that shareholders of Barrick and Randgold Resources Ltd vote for the proposed merger of the two companies.
Last month, Barrick Gold and Randgold Resources said they had agreed an all-share merger of Barrick and Randgold. Each Randgold shareholder will receive 6.1280 shares of the combined company for each Randgold share held.
The new company will operate under the Barrick name. The merger is expected to close by the first-quarter of 2019.
Related Shares:
Randgold Resources