Barrick New Structure May Imply Renewed Talks With NEM: Analysts
2014-07-16 15:20:10.526 GMT
By Aoyon Ashraf
July 16 (Bloomberg) -- Barrick Gold’s new mgmt structure
may mean resumption of discussion with Newmont regarding merger
of 2 cos., analysts write.
* Credit Suisse says merger with NEM remains “on the table”
* TD says keeping CEO position open may lead to resumption of
talks with NEM on merger; Chairman John Thornton will
continue to have very active role in mgmt
* Says splitting president roles doesn’t always work,
although may lead to more efficient mgmt structure “at
least for period of time”
* ABX CN rose as much as 2.7% intraday
* NOTE: April 28, NEM said talks with Barrick Co-Chairman
wasn’t constructive; terminated merger talks
Link to Company News:ABX CN <Equity> CN <GO>
Link to Company News:NEM US <Equity> CN <GO>
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First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Aoyon Ashraf at +1-416-203-5713 or
aashraf7@bloomberg.net
2014-07-16 15:20:10.526 GMT
By Aoyon Ashraf
July 16 (Bloomberg) -- Barrick Gold’s new mgmt structure
may mean resumption of discussion with Newmont regarding merger
of 2 cos., analysts write.
* Credit Suisse says merger with NEM remains “on the table”
* TD says keeping CEO position open may lead to resumption of
talks with NEM on merger; Chairman John Thornton will
continue to have very active role in mgmt
* Says splitting president roles doesn’t always work,
although may lead to more efficient mgmt structure “at
least for period of time”
* ABX CN rose as much as 2.7% intraday
* NOTE: April 28, NEM said talks with Barrick Co-Chairman
wasn’t constructive; terminated merger talks
Link to Company News:ABX CN <Equity> CN <GO>
Link to Company News:NEM US <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Aoyon Ashraf at +1-416-203-5713 or
aashraf7@bloomberg.net