AngloGold, Randgold team up in $488m bid for Moto
July 16, 2009 by goldguru
Gold companies AngloGold Ashanti and Randgold Resources, which are partners in Mali, on Thursday teamed up in a $488-million deal to acquire Moto Goldmines, which is developing a gold resource in the Democratic Republic of Congo (DRC).
The JSE-listed AngloGold said that it had entered into a series of agreements with the LSE-listed Randgold that could result in the payment of $244-million cash for 50% of Moto Goldmines. This was, however, dependent on Randgold acquiring Moto for $244-million in cash or shares or a combination of both.
- AngloGold, Randgold team up to bid for Moto in $488m deal
- Moto shareholders approve Randgold merger
- AngloGold buys indirect 50% stake in Moto




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