Barrick Gold may just be trying to lower Newmont MIning's share price enough in order to do a proper bid, said Pierre Lassonde, chairman of Franco-Nevada.
"What's happening has never been seen in history. Frankly, it's the first time I've ever seen a hostile [takeover] at a discount to the stock price," Lassonde told Kitco News at the BMO Global Metals & Mining Conference.