Barrick Gold Corporation’s Proposed Merger with Newmont Mining Corporation

On February 25, 2019, Barrick Gold Corporation (“Barrick”) announced that it has made a proposal to the Newmont Mining Corporation (“Newmont”) Board of Directors to merge with Newmont in an all‑share transaction. Under the proposal, Barrick shareholders would own approximately 55.9 percent of the combined company and Newmont shareholders would own approximately 44.1 percent. Cravath is representing Barrick in connection with the transaction.

The Cravath team is led by partners Richard Hall and Aaron M. Gruber and includes associates Andrew M. Wark, Steven Y. Li and Nicolas B. Thomson, and foreign associate attorney Jose-Felix Zaldivar on M&A matters; partner Eric W. Hilfers, practice area attorney Michelle M. Garrett and associate Jana I. Hymowitz on executive compensation and benefits matters; partner Andrew W. Needham and associate Arvind Ravichandran on tax matters; partner Christine A. Varney and senior attorney Jesse M. Weiss on antitrust matters; and partner Andrew J. Pitts on securities matters.