• Canada's Barrick Gold to buy Randgold for $6.5 billion in all-stock deal

    2 monthes ago - By Reuters

    Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use.
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  • A tiny firm led by a rockstar banker will make a killing on a $18.3 billion gold miner merger

    A tiny firm led by a rockstar banker will make a killing on a $18.3 billion gold miner merger

    2 monthes ago - By Business Insider

    Michael Klein's boutique investment bank will split as much as $35 million in fees with Morgan Stanley for its role advising on a gold merger announced on Monday.
    Klein's firm, M. Klein & Co, is secretive and only employs a handful of bankers.
    Klein is a former star banker from Citigroup who frequently advises governments and CEOs on complicated financial matters.
    A tiny and secretive boutique investment bank founded by star dealmaker and former Citigroup executive Michael Klein will split tens of millions of dollars in advisory fees in an $18.3 billion gold merger announced on Monday.
    M...
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  • A tiny firm led by a rockstar banker will make a killing on a $18.3 billion gold miner merger

    A tiny firm led by a rockstar banker will make a killing on a $18.3 billion gold miner merger

    2 monthes ago - By Business Insider

    Michael Klein's boutique investment bank will split as much as $35 million in fees with Morgan Stanley for its role advising on a gold merger announced on Monday.
    Klein's firm, M. Klein & Co, is secretive and only employs a handful of bankers.
    Klein is a former star banker from Citigroup who frequently advises governments and CEOs on complicated financial matters.
    A tiny and secretive boutique investment bank founded by star dealmaker and former Citigroup executive Michael Klein will split tens of millions of dollars in advisory fees in an $18.3 billion gold merger announced on Monday.
    M...
    Read more ...

     

  • Barrick Will Buy Randgold to Create World's Largest Gold Miner

    2 monthes ago - By Fortune

    Two of the world's most prominent gold miners are merging.
    Barrick Gold announced on Monday that it will acquire competitor Randgold in an all-stock deal. According to Barrick, it will form a new company, currently called New Barrick, and give current Randgold shareholders 6.1280 shares for every share they own of Randgold stock. When New Barrick is formed, Randgold shareholders will own approximately 33.4% of the company and Barrick shareholders will own the remaining 66.6%. CNN earlier reported on the news.
    The combined New Barrick would become the world's largest gold miner with a value...
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