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Barrick-Randgold merger gets final approval; will use GOLD ticker symbol

Published 12/17/2018, 05:29 PM
Updated 12/17/2018, 05:29 PM
© Reuters.  Barrick-Randgold merger gets final approval; will use GOLD ticker symbol
  • Barrick Gold (NYSE:ABX) says all conditions for its planned takeover of Randgold (LON:RRS) Resources (NASDAQ:GOLD) have been satisfied after the Royal Court of Jersey sanctioned the scheme of arrangement by which the merger is being implemented.
  • The merger is expected to close on Jan. 1, and Barrick says it will change its NYSE ticker symbol from ABX to GOLD starting on Jan. 2, the merged company’s first day of trading.
  • ABX also declares a Q4 dividend of $0.07/share, payable on Jan. 14, resulting in an annual dividend of $0.16/share.
  • Now read: Top Gold Miners' Production Cost Still Provides Floor In The Market Price


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