Newmont rejects Barrick's buyout offer, proposes Nevada tie-up

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Newmont rejects Barrick's buyout offer, proposes Nevada tie-up
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Newmont Mining Corp on Monday rejected rival Barrick Gold Corp's unsolicite...

FILE PHOTO: Gary Goldberg, CEO of Newmont Mining Corporation, speaks during the ceremonial groundbreaking of the Merian Gold Project in Sipaliwini district December 10, 2014. TREUTERS/Ranu Abhelakh

Barrick had offered 2.5694 of its common shares for each Newmont share, which translated to about $33 per Newmont share on Feb. 25, representing a discount to Newmont’s trading price by about $3. Newmont shares closed at $33.82 on Friday.

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