Newmont Mining Corp Chief Executive Gary Goldberg said on Monday that Barrick Gold Corp`s $18 billion hostile bid for his company is perplexing to his shareholders and not in the best interest of both miners.
Newmont shareholders "don`t understand it. They don`t see the value potential," Goldberg said on the sidelines of the BMO Global Metals & Mining Conference in Florida. "One has to question what the true motives behind going hostile are: Whether it`s really just to get bigger or it`s all ego-driven."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.