February 25, 2019 / 11:13 AM / 8 months ago

Barrick Gold offers to buy Newmont in all-stock deal

Feb 25 (Reuters) - Canadian miner Barrick Gold Corp said on Monday it had offered to buy U.S. rival Newmont Mining Corp in an all-stock deal that would create a global gold mining giant.

Newmont shareholders would receive 2.5694 common shares of Barrick for each outstanding Newmont Share, the company said. (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)

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