Sullivan, Ogilvy Rep Barrick In $7.6B Equinox Buy

Law360, New York (April 25, 2011, 12:26 PM EDT) -- Canadian mining company Barrick Gold Corp. said Monday it had agreed to buy Equinox Minerals Ltd. for CA$7.3 billion ($7.6 billion), beating out a competing bid by China's Minmetals Resources Ltd. launched earlier this month.

Equinox's board of directors unanimously recommended that the company's shareholders greenlight Barrick's proposed price of CA$8.15 per Equinox share, which represents a 16 percent premium over Minmetals' unsolicited April 3 offer of CA$7 per share, the buyer said.

The all-cash deal will amp up Barrick's growth potential for copper production, currently...
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