Barrick Sounds Out First Quantum Holders on Possible Bid, Bloomberg Reports
--Barrick Gold Chief Executive Mark Bristow has approached some of First Quantum Minerals' major investors to gauge support for a potential takeover, Bloomberg reports, citing people familiar with the matter.
--Bristow is confident Barrick could resolve the troubles First Quantum has had with its biggest mine in Panama and could run its African mines, the people said, according to the report.
--China's Jiangxi Copper owns 18% of First Quantum and is among the investors that have been approached by Barrick, Bloomberg reports.
--Bloomberg says spokespeople for Barrick didn't respond to requests for comment, First Quantum declined to comment and Jiangxi didn't immediately respond to a request for comment outside of regular office hours.
Full article: https://www.bloomberg.com/news/articles/2024-01-03/barrick-said-to-sound-out-first-quantum-holders-on-possible-bid
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
January 03, 2024 14:07 ET (19:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
Markets Brief: Friday’s Job Report in Focus
-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?
-
Where We See Opportunities in June as Stocks Recover Losses
-
10 Top-Performing Dividend Stocks of the Month
-
10 Cheap Dividend-Growth Stocks to Buy
-
Manager: Nvidia Will Be Biggest Company in the World
-
The Best Utilities Stocks to Buy
-
3 Cheap Dividend Stocks to Buy Yielding 4% or More
-
After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?