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BREAKING NEWS

Acacia investor Odey to back Barrick's final offer

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(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)

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