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Barrick Gold gets more time to make firm offer for Acacia Mining

Christian Fernsby ▼ | June 18, 2019
Acacia Mining said that it agreed to extend the deadline for Canadian miner Barrick Gold to make a firm offer for the company.
Acacia Mining
Acquisition   The original deadline expires on Tuesday
Acacia, majority-owned by Barrick, said that the last date to make a firm offer or walk away from making one has been extended on Barrick’s request to July 9. The original deadline expires on Tuesday.

Last month, Barrick had proposed to acquire the remaining Acacia shares, valuing Acacia at $787 million and total consideration to the minority shareholders of Acacia of $285 million.