March 4, 2019 / 1:09 PM / 22 days ago

Newmont rejects Barrick's buyout offer, proposes Nevada tie-up

March 4 (Reuters) - Newmont Mining Corp on Monday rejected rival Barrick Gold Corp’s unsolicited offer, saying the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount.

However, Newmont said it submitted a joint venture proposal to Barrick for operations in Nevada. (Reporting by Debroop Roy in Bengaluru; Editing by James Emmanuel)

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