BREAKING NEWS
This content is not available in your region

Acacia investor Odey to back Barrick's final offer

Access to the comments Comments
Text size Aa Aa

(Reuters) – British hedge fund Odey Asset Management said on Monday it intends to vote, on behalf of its clients, in favour of Barrick Gold Corp’s <ABX.TO> <GOLD.N> final offer to buy out its fellow shareholders in Acacia Mining <ACAA.L>.

The approval comes after Odey said last month that it would reject any offer from Barrick for its stake in Acacia that is framed as “best and final”.

Odey holds a 2.31% stake in Acacia according to Refinitiv Eikon data.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.