Acacia Fires Off 5,000-Word Rebuttal to Barrick Gold’s Claims
- Company disagrees with Barrick’s valuation of its shares
- Acacia said Barrick’s Tanzania intervention undermined company
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Barrick Gold Corp.’s troubled African unit, Acacia Mining Plc, posted an almost 5,000 word rebuttal to claims from its parent amid an increasingly bitter spat between the two companies.
Barrick is seeking to buy out the remaining shares it doesn’t own in Acacia to end its troubled time as a listed company. Yet Barrick is refusing to offer any kind of premium and is also in control of negotiations with Tanzania, where Acacia has been in a dispute with the government.