Rejection of Barrick bid is no brainer, says top Acacia investor
Fidelity International indignant at the offer, which it says is about 50% too low and shows a lack of judgment
02 June 2019 - 20:18
London/Toronto — Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday that Barrick Gold’s low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a “no brainer” to reject it.
The comments in an interview are the first public response from one of Acacia’s top shareholders since Barrick’s offer earlier in May to buy them out for $787m. ..
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