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In the case of Peter Munk’s Barrick, it’s far from clear that all the stock has yet been sold, though it appears to finally be mostly done more than a month after the deal was announced.
In the case of Peter Munk’s Barrick, it’s far from clear that all the stock has yet been sold, though it appears to finally be mostly done more than a month after the deal was announced.
(Chris Young For The Globe and Mail)

As deals get more aggressive, investors balk

Three big deals, three tough sells. As ultra-competitive banks get more aggressive with equity sales they underwrite for companies, the risks are climbing.

First Barrick Gold Corp. came with a $3-billion bought deal stock sale, which was a very slow seller and left the underwriters on the hook for unsold stock for many days.