Barrick boosts dividend payout offer to Randgold shareholders ahead of vote

By CanadianInvestor / October 31, 2018 / www.canadianinvestor.com / Article Link

TORONTO - Barrick Gold Crop. has enriched its offer to shareholders of Randgold Resources Ltd. ahead of a vote on a proposed merger.

Toronto-based Barrick says Randgold shareholders will receive US$2.69 per share, up from the original proposal of US$2 per share.

The company says the increased offer would match what Randgold shareholders would expect to receive as dividend payments without the merger.

The boost sweetens a deal that was proposed as a no-premium takeover by Barrick chief executive John Thornton, in a divergence from the norm of the mining industry.

Shareholders of Barrick itself will also see their fourth-quarter dividend boosted to seven cents, up from the originally agreed five cents.

Barrick shareholders are set to vote Monday on the merger, while Randgold has pushed back its vote by two days in light of the late change to the offer.

Companies in this story: (TSX:ABX)

The Canadian Press

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok