Barrick Gold recommends shareholders reject mini-tender offer by TRC Capital

Barrick Gold on Monday recommended that its shareholders reject an unsolicited offer by TRC Capital Investment to buy about 0.29% of the miner’s common stock.
The gold miner said it had received notice of an unsolicited mini-tender offer made by TRC Capital to purchase up to 5 million of Barrick’s common shares, adding that it was at a below-market price of C$21.35 apiece.
TRC Capital has made several similar unsolicited mini-tender offers for shares of other public companies including Occidental Petroleum and Johnson & Johnson.
A mini tender is an offer to purchase no more than 5% of a company’s shares.
(By Tanay Dhumal; Editing by Shounak Dasgupta)
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