Deals
Ex-Goldman Banker May Finish Huge Gold Deal Five Years Later
- John Thornton was blamed for collapse of Barrick-Newmont talks
- Thornton’s right-hand man to be CEO of giant miner post merger
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The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago -- Barrick Gold Corp. Chairman John Thornton.
On Monday, Barrick went hostile in its bid to acquire Newmont in a $17.8 billion bid that values the Colorado-based gold miner at an 8 percent discount to Friday’s close. The offer was blasted by Newmont Chief Executive Officer Gary Goldberg, calling it a "desperate" and "bizarre" move by Barrick.