Acacia Mining shares up on takeover terms

By
0 mins. to read
Acacia Mining shares up on takeover terms
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

Shares in gold producer Acacia Mining (LON:ACA) surged 18.65% to 221.4p (as of 11:00 BST) after its board reached an agreement on the terms of a recommended offer from Barrick Gold. Under the terms of the deal, each Acacia share would be exchanged for 0.168 new Barrick shares as well as possible deferred cash consideration dividends in the future.

Additionally, it has been agreed that the company’s exploration properties will be sold and the proceeds distributed among Acacia shareholders.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *