• Barrick Gold is buying Randgold for $6 billion in stock to create the world's largest gold miner

    25 days ago - By Business Insider

    Barrick Gold has agreed to buy Randgold Resources for $6 billion in stock.
    Barrick Gold shareholders will own approximately two-thirds of the combined company while Randgold shareholders will own the rest.
    The combined entity will have a market capitalization of $18.3 billion and will operate under the branding of the Barrick Group.
    Watch Barrick Gold and Randgold Resources trade in real time.
    Canada-based Barrick Gold will acquire Randgold Resources in an all-stock merger for $6 billion, in a deal that makes the combined entity the world's largest gold company by production. The new...
    Read more ...

     

  • Barrick Gold is buying Randgold for $6 billion in stock to create the world's largest miner

    Barrick Gold is buying Randgold for $6 billion in stock to create the world's largest miner

    25 days ago - By Business Insider

    Barrick Gold has agreed to buy Randgold Resources for $6 billion in stock.
    Barrick Gold shareholders will own approximately two-thirds of the combined company while Randgold shareholders will own the rest.
    The combined entity will have a market capitalization of $18.3 billion and will operate under the branding of the Barrick Group.
    Watch Barrick Gold and Randgold Resources trade in real time.
    Canada-based Barrick Gold will acquire Randgold Resources in an all-stock merger for $6 billion, in a deal that makes the combined entity the world's largest gold company by production. The new...
    Read more ...

     

  • The bankers behind the $18bn Barrick-Randgold merger

    The bankers behind the $18bn Barrick-Randgold merger

    26 days ago - By eFinancial News

    Smaller firms like M. Klein and Co continue to land key roles on big deals this year
    Read more ...

     

  • Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    26 days ago - By Business Insider

    Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday.
    The deal, which includes a "go-shop" provision, has an implied price of $10.14 a share, and will pay current Pandora shareholders 1.44 newly-issued shares SiriusXM shares for every share they own.
    "We have long respected Pandora and their team for their popular consumer offering that has attracted a massive audience, and have been impressed by Pandora's strategic progress and stronger execution," Sirius XM CEO jim...
    Read more ...

     

  • Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    26 days ago - By Business Insider

    Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday.
    The deal, which includes a "go-shop" provision, will pay current Pandora shareholders 1.44 newly-issued shares SiriusXM shares for every share they own. The implied price of $10.14 a share is a 13.8% premium to Pandora's 30-day volume-weighted average price.
    "We have long respected Pandora and their team for their popular consumer offering that has attracted a massive audience, and have been impressed by Pandora's...
    Read more ...

     

  • SiriusXM buying Pandora Media in $3.5 billion deal

    26 days ago - By Chron

    NEW YORK - Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas.
    SiriusXM Holdings Inc. has more than 36 million subscribers in North America, while Pandora has more than 70 million monthly active users.
    Pandora stockholders will receive 1.44 newly issued SiriusXM shares for each Pandora share they own. Pandora has a "go-shop" period in which it can solicit other offers from third parties.
    Both companies' boards...
    Read more ...

     

  • SiriusXM to buy Pandora in all-stock deal valued at $3.5 billion

    26 days ago - By CNBC

    Satellite radio company Sirius XM is acquiring music streaming service Pandora in a $3.5 billion all-stock deal, the companies announced Monday.
    Read more ...

     

  • Barrick buys Randgold to create world's largest gold miner

    26 days ago - By Chron

    LONDON - Barrick Gold has agreed to buy Randgold Resources for $6.1 billion in stock to create the world's largest gold miner.
    Investors will get 6.128 new Barrick shares for each Randgold share they hold. Shareholders in Barrick, which is based in Toronto, will own about 66.6 percent of the merged company, which will combine Randgold's African mines with Barrick's holdings in the Americas.
    Nicholas Hyett, an analyst at Hargreaves Lansdown, says the deal marks a return to Africa for Barrick, which spun off its holdings there eight years ago.
    Barrick's more stable North American assets will...
    Read more ...

     

  • Canada's Barrick Gold to buy Randgold Resources in $18.3 billion deal

    26 days ago - By Reuters

    Randgold Resources Ltd said on Monday it agreed to the terms of a recommended share-for-share merger with Canada's Barrick Gold Corp in a deal worth $18.3 billion.
    Read more ...