MANAGEMENT

New deal between Genesis and St Barbara

A PLANNED merger between Genesis Minerals and St Barbara has been shelved in favour of an agreement through which Genesis will buy St Barbara’s assets in Leonora, Western Australia for $600 million.

 Gwalia operations

Gwalia operations

The transaction includes up-front cash of $370 million, 147.8 million Genesis shares valued at $170 million and another 52.2 million shares in Genesis, valued at $60 million. Genesis plans to raise...

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