Takeover
Barrick Gold acquired 100% of Placer Dome shares on January 20, 2006, and integrated the company into its own. Once Barrick gained over 90% of the company shares it could force people to sell their shares to gain the 100% which it required. March 8, 2006 was the final day for trading of Placer Dome’s common shares on the Toronto Stock Exchange and the New York Stock Exchange.
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Famous quotes containing the word takeover:
“A poet is a combination of an instrument and a human being in one person, with the former gradually taking over the latter. The sensation of this takeover is responsible for timbre; the realization of it, for destiny.”
—Joseph Brodsky (b. 1940)