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Barrick-Newmont Merger Talks Said to Hit Snag on Spinoff

Talks to merge the world’s biggest gold-mining companies, Barrick Gold Corp. and Newmont Mining Corp., broke down three days ago amid minor disagreements that leave open the possibility that a deal could be revived, two people with knowledge of the matter said.

The companies had agreed to an all-stock merger and planned to announce the deal this week, the people said, asking not to be identified discussing private information. Barrick was to offer Newmont shareholders a premium of 13 percent more than Newmont’s average share price over the latest 20 trading days, one of the people said.