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Barrick-Randgold Merger Would Create World’s Largest Gold Miner

Annie Gilroy
Barrick-Randgold Merger Would Create World’s Largest Gold Miner

On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. Based on their closing prices on September 21, the new Barrick Gold would have an aggregate market capitalization of $18.3 billion. Under the terms of the merger, Randgold Resources shareholders will receive 6.128 new Barrick Gold shares for each Randgold share.