Acacia Mining shareholders approval Barrick Gold bid

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Tanzania-focused Acacia Mining said its shareholders had approved an acquisition by Barrick Gold of the shares in Acacia it did not already own.

The resolution passed with 99.98% of votes in favour.

The deal was expected to receive final court approval and 13 September and become effective on 17 September.

In an offer that was sweetened, Barrick offered 0.168 of its shares for every Acacia share, up from an original hid of 0.153 of its shares.

It already owned 63.9% of Acacia.

At 1:48pm: (LON:ACA) Acacia Mining Plc share price was +9.4p at 274p