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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Acacia Mining    ACA   GB00B61D2N63

ACACIA MINING

(ACA)
  Report  
Delayed Quote. Delayed London Stock Exchange - 08/16 11:35:04 am
249.4 GBp   +0.56%
08/16ACACIA MINING : Form 8.5 (EPT/NON-RI) Acacia Mining
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08/16ACACIA MINING : Form 8.5 (EPT/NON-RI) Acacia Mining plc
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08/16ACACIA MINING : Form 8.3 - Barrick Gold Corporation
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Acacia Mining Agrees to GBP951 Million Takeover Bid from Barrick Gold

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07/19/2019 | 02:54am EDT

By Oliver Griffin

Acacia Mining said on Friday that it has reached an agreement for majority shareholder Barrick Gold Corp to buy the shares it doesn't already own in a deal valuing it at approximately 951 million pounds ($1.19 billion).

The Tanzania-focused mining company said the new increased offer from Barrick--which already owns a 63.9% stake in Acacia--will see the Canadian miner offer 0.168 of its shares for every Acacia share.

At current share prices this implies a value of 232 pence per Acacia share, making for a total consideration of GBP343 million for the company's minority shareholders. A previous proposal from Barrick offered 0.153 of its shares for every Acacia share.

Acacia shareholders will also be entitled to receive special dividends from exploration properties and any deferred cash-consideration dividends. Under the terms of the deal Barrick has agreed to sell Acacia's exploration properties, which are located in a number of African countries, including Tanzania, Kenya and Mali.

An independent review has suggested a preferred value of $57 million for Acacia's exploration properties.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING 0.56% 249.4 Delayed Quote.36.06%
BARRICK GOLD CORP -0.45% 24.38 Delayed Quote.32.28%
GOLD -0.87% 1513.26 Delayed Quote.19.06%
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Latest news on ACACIA MINING
08/16ACACIA MINING : Form 8.5 (EPT/NON-RI) Acacia Mining
PU
08/16ACACIA MINING : Form 8.5 (EPT/NON-RI) Acacia Mining plc
PU
08/16ACACIA MINING : Form 8.3 - Barrick Gold Corporation
PU
08/16ACACIA MINING : Form 8.3 - Acacia Mining PLC
PU
08/16ACACIA MINING : This announcement contains inside information Further Update on ..
AQ
08/16FORM 8.3 - THE VANGUARD GROUP, INC. : Acacia Mining plc
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08/16ACACIA MINING : Form 8.5 (EPT/RI) - Acacia Mining plc
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08/16ACACIA MINING : North Mara Further Update
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08/16ACACIA MINING : North Mara Further Update
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08/14ACACIA MINING : Form 8.3 - GOLD US/ACA LN
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More news
Financials (USD)
Sales 2019 734 M
EBIT 2019 168 M
Net income 2019 99,3 M
Finance 2019 192 M
Yield 2019 0,73%
P/E ratio 2019 12,5x
P/E ratio 2020 10,2x
EV / Sales2019 1,43x
EV / Sales2020 1,36x
Capitalization 1 242 M
Chart ACACIA MINING
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Acacia Mining Technical Analysis Chart | MarketScreener
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Technical analysis trends ACACIA MINING
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 2,77  $
Last Close Price 3,03  $
Spread / Highest target 3,74%
Spread / Average Target -8,53%
Spread / Lowest Target -24,8%
EPS Revisions
Managers
NameTitle
Peter Geleta Chief Executive Officer & Executive Director
Rachel English Chairman
Jaco Maritz Chief Financial Officer
André Falzon Independent Non-Executive Director
Stephen Galbraith Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ACACIA MINING36.06%1 232
BARRICK GOLD CORP32.28%32 197
NEWMONT MINING CORPORATION11.17%31 574
NEWCREST MINING LIMITED66.33%19 119
SHANDONG GOLD MINING69.42%14 612
POLYUS PAO--.--%14 597