Barrick Gold Corporation’s $18.3 Billion Share‑for‑Share Merger with Randgold Resources Limited

On September 24, 2018, Barrick Gold Corporation (“Barrick”) announced that it has reached agreement on the terms of a recommended share‑for‑share merger of Barrick and Randgold Resources Limited (“Randgold”) to create an industry‑leading gold company. Following completion of the merger, Barrick shareholders will own approximately 66.6 percent and Randgold shareholders will own approximately 33.4 percent of the New Barrick Group on a fully‑diluted basis. Cravath is representing Barrick in connection with the transaction.

The Cravath team is led by partner Richard Hall and includes associates Andrew M. Wark and Nikita Patel on M&A matters; partner Andrew J. Pitts on securities matters; and partner Stephen L. Gordon and associate Andrew L. Mandelbaum on tax matters.