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Newmont CEO says shareholders do not see value in Barrick bid

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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.)

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Updated: Tue, Feb 26, 2019
12:14 am
Reuters
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