Randgold shareholders approve Barrick merger

Randgold Resources shareholders have approved the gold miner's $6bn merger with Barrick Gold.

In a statement on Wednesday, Randgold said that 95.2% of its shareholders voted in favour of the deal.

Barrick shareholders gave the merger the green light on Monday, while the South African Competition Tribunal gave unconditional clearance last week.

Randgold Resources said back in September that it had agreed to nil-premium merge with Canada's Barrick to create the largest gold mining company in the world.

Under the terms of the deal, Randgold's shareholders will receive 6.128 shares in what will be called Barrick Group for each of their Randgold shares and consequently therefore own 33.4% of an enlarged New York- and Toronto-traded group that will be delisted from London.