Randgold Resources: CEO Hasn't Held Acacia Offer Discussions
November 07 2018 - 12:03PM
Dow Jones News
By Dimitrios Kontos
Randgold Resources Ltd. (RRS.LN) said Wednesday that its chief
executive, Mark Bristow, has "held no specific discussions" with
Barrick Gold Corp. (ABX.T) or Acacia Mining PLC (ACA.LN) with
regards to a possible offer for Acacia.
Views expressed by Mr. Bristow in an interview with The Times
newspaper were his own and "in no way were intended to reflect
Barrick's intentions," the company said.
The company issued the statement following a Wednesday article
that features this quote by Mr. Bristow: "One of the options that
Barrick has is to roll up Acacia into Barrick itself, in other
words issue Barrick's shares to the Acacia minorities, take it back
within the company and consolidate it."
Acacia is majority-owned by Barrick, which is set to merge with
Randgold in January.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
November 07, 2018 12:48 ET (17:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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