Barrick Gold Corporation’s $18.3 Billion Merger with Randgold Resources Limited

Davies Ward Phillips & Vineberg LLP, Freshfields Bruckhaus Deringer LLP, Cravath, Swaine & Moore LLP and Carey Olsen are retained as legal advisers for Barrick. Norton Rose Fulbright LLP, Norton Rose Fulbright US LLP, Stikeman Elliott LLP and Ogier are retained as legal advisers for Randgold.

On September 24, 2018, Barrick Gold Corporation has reached agreement on the terms of a recommended share-for-share merger of Barrick and Randgold Resources Limited to create an industry-leading gold company. Following completion of the merger, Barrick shareholders will own approximately 66.6 percent and Randgold shareholders will own approximately 33.4 percent of the New Barrick Group on a fully-diluted basis.

Randgold Resources Ltd., headquartered in St. Helier, Jersey, is a gold mining company. The Company is involved in gold mines exploration and diamond drilling activities in East and West Africa. It operates the Morila, Kibali, Massawa, Tongon and Loulo-Gounkoto gold mines. The Company was founded in August 1995.

Barrick Gold Corp., located in Toronto, Ontario, is a gold mining company. The Company has a portfolio of 27 operating mines and advanced exploration and development projects across the world. It is also engaged in exploration and development of copper and nickel mines. It has operations in the United States, Canada, South America, Australia, and Africa. It’s projects include Pueblo Viejo, Pascua-Lama, Cerro Casale, Bald Mountain, Cortez, Cowal, Kanowna, and Zaldivar Projects, among others. The Company was founded in 1984.

The Cravath team is led by partner Richard Hall (Picture) and includes associates Andrew M. Wark and Nikita Patel on M&A matters; partner Andrew J. Pitts on securities matters; and partner Stephen L. Gordon and associate Andrew L. Mandelbaum on tax matters.

 

Involved fees earner: Richard Hall – Cravath Swaine & Moore; Andrew Wark – Cravath Swaine & Moore; Nikita Patel – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Andrew Mandelbaum – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barrick Gold Corporation;