Deals
Barrick Gold Is the Undisclosed Bidder for Detour Gold
- Detour under pressure to sell by activist investor Paulson
- Barrick was to sign confidentiality agreement to look at books
Photographer: Akos Stiller/Bloomberg
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Barrick Gold Corp. is the undisclosed gold miner that was asked to sign a confidentiality agreement alongside activist investor John Paulson to discuss potentially buying Detour Gold Corp., according to people familiar with the matter.
While Barrick’s level of interest in Detour is unclear, neither Paulson nor Barrick signed the confidentiality agreements, said the people, who asked to not be identified because the matter isn’t public. Paulson has held previous discussions with Barrick about Detour, they added.