Barrick Gold shareholders may have perfected the moves for the acquisition of Canadian miner’s $6.1 billion Africa-focused Randgold Resources, with an overwhelming vote, according to sources familiar with the preliminary vote count.
About 99 percent of the votes tendered so far by Barrick investors are said to be in support of the all-stock, no premium deal announced in September, two of the sources disclosed , surpassing the simple majority required to seal the deal.
The vast majority of institutional investors have cast their votes ahead of the remainder of Barrick shareholders who are set to vote on the transaction this Monday, the sources said, declining to be identified as the information is not public.(REUTERS)
