Newmont rejects Barrick’s buyout offer, proposes Nevada tie-up — Financial Post

Newmont Mining Corp. rejected Barrick Gold Corp.’s US$17.8 billion unsolicited takeover bid, a deal that would’ve created the world’s largest gold producer. The board unanimously rejected the proposal, saying it would not be better than Newmont’s previously announced takeover of Goldcorp Inc., the Colorado-based company said in a statement Monday. Instead, Newmont submitted a joint…

via Newmont rejects Barrick’s buyout offer, proposes Nevada tie-up — Financial Post