ABX and GOLD Merger: Dividends Rise in Anticipation of Returns
On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. Along with owning five of the top ten tier-one gold assets, the combined company will have two high-potential tier-one assets in Fourmile and Turquoise Ridge. Randgold’s CEO, Mark Bristow, will become the CEO and president of the new Barrick Gold, while Thornton will become the executive chair.