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.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks