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Acacia investor Odey to back Barrick's final offer

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07/22/2019 | 05:15am EDT
FILE PHOTO: The logo of sponsor Barrick Gold Corporation is seen as visitors arrive during the PDAC convention in Toronto

(Reuters) - British hedge fund Odey Asset Management said on Monday it intends to vote, on behalf of its clients, in favor of Barrick Gold Corp final offer to buy out its fellow shareholders in Acacia Mining.

The approval comes after Odey said last month that it would reject any offer from Barrick for its stake in Acacia that is framed as "best and final".

Odey holds a 2.31% stake in Acacia according to Refinitiv Eikon data.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)

Stocks treated in this article : Barrick Gold Corp, Acacia Mining
Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING PLC 0.47% 254 Delayed Quote.38.13%
BARRICK GOLD CORP -1.09% 24.62 Delayed Quote.35.00%
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