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HOMESTAKE MINING COMPANY (ASX.HSM)

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19981999200020012002

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delisted following completion of the merger with Barrick Gold Corp

28/06/2002

we understand Barrick Gold and Homestake Mining merged in a 2.3-billion-dollar US share swap, making the new entity the world's second largest gold producer - the deal saw Toronto-based Barrick Gold exchange 0.53 of a share for each of Homestake's 263.3 million outstanding shares - the value of the offer boosted each Homestake share to 8.71 dollars US, or a 31 percent premium over its 6.65 dollar closing price on the NYSE immediately prior to the offer

28/06/2002
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