Update 2: Gold Fields Rejects $8.1B Harmony Gold Bid
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Gold Fields Ltd. rejected an $8.1 billion takeover bid by smaller rival Harmony Gold Mining Company Ltd. as inadequate on Monday, despite the support of its largest stakeholder.
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South Africa's Competition Tribunal has rejected a request by Gold Fields Ltd. to block a &#36;7.1 billion hostile takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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The chance of Harmony succeeding in its hostile bid for Gold Fields was starting to fade, analysts said yesterday after Harmony received about a third of the shares it had hoped
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JOHANNESBURG (Dow Jones)--South Africa&#39;s Securities Regulation Panel will next week hear objections from Gold Fields Ltd. (GFI) to the takeover offer the company received earlier this week from Harmony Gold Mining Co.
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Harmony Gold Mining Co., the biggest miner of South African gold, made a hostile offer to buy Gold Fields Ltd. for 52.9 billion rand ($8.
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Shareholders of the South African mining company Gold Fields rejected a bid to merge with Iamgold of Toronto Tuesday, a development that shifted investors&#39; focus back to Harmony Gold Mining&#39;s hostile bid for Gold Fields.
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Shareholders of Harmony Gold Mining Co. on Friday overwhelmingly approved issuing new shares to fund the company's hostile takeover bid for Gold Fields Ltd.
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Miner Harmony Gold can cut costs at takeover target Gold Fields Ltd. by up to $178.4 million and restrict job losses at its head office, senior management and service level, the firm said Thursday.
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No news was good news for South Africa&#39;s Harmony Gold Mining Company (NYSE: HMY) today. Over at rival and takeover target Gold Fields Limited (NYSE: GFI), a shareholder vote was held to endorse
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World number six gold miner Harmony Gold on Monday announced that it had secured 10.8 percent of shares in world number four gold miner Gold Fields as a result of its early settlement offer, which closed at 12h00 on Friday.
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South Africa&#39;s Harmony Gold looking to create the world&#39;s biggest gold producer after it pounced on bigger domestic rival Gold Fields with an all-share takeover bid worth about $A11.
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HARMONY Gold Miningâs $8.1 billion (Â£4.5 billion) hostile takeover offer for Gold Fields took an acrimonious turn last night when the much-larger target company appealed against a regulatory
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By Reuters. Gold Fields said yesterday that it had filed suit in the United States against Harmony Gold Mining, a rival South African miner, in an attempt to stop Harmony&#39;s hostile $7.
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The board of Gold Fields Ltd. urged shareholders Wednesday to reject a $8.1-billion-US takeover bid by South African gold producer Harmony Gold Mining Co.
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THE defence of Gold Fields against a hostile $8.1 billion (Â£4.3 billion) bid from Harmony Gold Mining, its smaller South African rival, was dealt a further blow last night when a US court threw out its legal challenge to the takeover.
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Australian prospector Midwest Corp   rejected a $1 billion-plus takeover proposal from its  major shareholder, the Chinese commodities trader Sinosteel,  emboldened by another big hike in iron ore prices this year.
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The share price of Harmony Gold came under pressure today, dipping some 8% after announcing a hostile bid for Gold Fields to create the world&#39;s biggest gold producer.