Odey to vote for Barrick Gold’s acquisition of Acacia: Reuters

Odey Asset Management said it intends to vote in favour of Barrick Gold Corp‘s final offer to buy out minority shareholders of Acacia Mining plc, a London, U.K.-based gold producer in Africa, Reuters reported.

Odey, a U.K. hedge fund manager, previously said it would reject any offer from Barrick for its Acacia stake that is framed as “best and final,” the report said.

Barrick, a Toronto-based gold mining company, last week offered 0.168 of its shares for every Acacia share, up from an earlier 0.153. The transaction values Acacia at about £951 million ($1.5 billion).

Barrick currently owns about 64 percent of Acacia, according to Reuters.