Share Price: Acacia and Proposal

share price: The Proposal represents a premium of 14.4% to the closing price of 151 pence per Acacia share on 20 May 2019 the last trading day before announcement of the Proposal . The value for Acacia implied by the Proposal has increased from US 787 million at the date of announcement of the Proposal to US 887.8 million as at 17 June 2019, an increase of 12.8% based on movements in the share price.1As has been widely reported, for the past two years, Barrick has been endeavoring to seek a settlement of Acacia's disputes with the Government of Tanzania the GoT and to find a workable tax and regulatory framework for Acacia going forward, according to The Independent. Due to requirements of the GoT, Acacia has not been able to participate in these meetings, but Barrick has been working in good faith with the consent and support of Acacia and the Independent Directors. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Gold Corporation Announces Update re Acacia Mining Tanzania and Mine Plansif window.performance window.performance.mark && && 18, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Update Concerning Acacia Mining plc - Situation in Tanzania and Review of Acacia Mine PlansNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTIONTORONTO, ON / ACCESSWIRE / June 18, 2019 / Barrick Gold Corporation GOLD ABX.TO Barrick or the Company today provides the following further update in relation to Acacia Mining plc Acacia . Background On 21 May 2019 Barrick announced that it had met with Directors and senior management of Acacia and presented a proposal for consideration by the independent directors of Acacia Independent Directors to acquire all of the Acacia shares it does not already own through a share for share exchange of 0.153 Barrick shares for each ordinary share of 10 pence each in Acacia the Proposal . On the basis of the market closing price of a Barrick share on the New York Stock Exchange on 17 June 2019 and the 410,085,499 Acacia ordinary shares in issue on that date this implies a value for Acacia of US 887.8 million and total consideration to the minority shareholders of Acacia of US 320.1 million. Barrick has provided regular updates to the Independent Directors and Acacia management as well as the opportunity to review and comment on documentation flowing from these negotiations. The GoT has, however, now made it clear that it is not prepared to enter into settlement agreements directly with Acacia. The negotiations with the GoT have advanced to the point where draft documentation now has been initialed by the GoT, albeit with a number of substantive issues still outstanding. (news.financializer.com). As reported in the news.