Skadden Hired For $4B Barrick Offering

Law360, New York (September 10, 2009, 7:38 PM EDT) -- Following a lengthy rally in gold prices driven by the recession, Toronto-based Barrick Gold Corp. has decided to kill off much of a money-losing hedging scheme by raising as much as $4 billion through a stock sale, reportedly the largest common stock offering in Canadian history.

The Toronto-based company announced Monday in filings with the U.S. Securities and Exchange Commission that it intends to abandon certain hedging deals, which were designed to help generate returns for stockholders regardless of movements in the price of gold, but...
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