Harmony Gold to Continue Gold Fields Bid
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Harmony Gold Mining Ltd. said Monday it would continue its multibillion dollar (euro) takeover bid for Gold Fields Ltd. and will defend legal action brought against it by Gold Fields in a US court.
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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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South African mining giant Gold Fields on Friday said it has filed a complaint in a New York court against rival Harmony to try and stop it from continuing with a hostile takeover to create the world&#39;s largest gold producer.
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LONDON (CBS.MW) -- South African mining group Harmony (UK:HRM) said it would &quot;shortly post&quot; a proposed $8.1 billion, stock-based takeover of South African miner Gold Fields (GFI) .
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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 Harmony Gold Mining Co. on Friday overwhelmingly approved issuing new shares to fund the company&#39;s hostile takeover bid for Gold Fields Ltd.
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile &#36;7.1 billion takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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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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NEW YORK, October 19  - Gold Fields Limited (GFI.NYS) has rejected Harmony Gold Mining Company&#39;s recently announced takeover bid through an all-stock deal valued at about $8.
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile $7.1 billion takeover by Harmony Gold Mining Co. that would create the world&#39;s largest gold mining company.
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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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South Africa&#39;s largest domestic gold producer Harmony will reportedly make a surprise takeover bid on Monday for the world&#39;s fourth biggest, Gold Fields.
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Gold Fields lost its fourth legal challenge to Harmony&#39;s hostile offer yesterday when the US district court for southern New York found no fault with Harmony&#39;s gold reserve reporting and ruled that its offer was not coercive.
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Gold Fields has rejected a $US7.2billion ($9.5billion) takeover offer by fellow South African gold producer Harmony Gold Mining, calling its rival &quot;financially stretched&quot; and suggesting Harmony could face a cash crunch.
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Harmony Gold, South African gold mining group, said it made a bid over its bigger rival Gold Fields to form the biggest gold producer over the globe.
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JOHANNESBURG : South Africa&#39;s Harmony Gold Mining Co. Ltd. said it would bid for control of Gold Fields Ltd, valuing it at 8.1 billion dollars (6.
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The bitterly fought $8.1bn (Â£4.5bn) bid battle for control of Gold Fields is set to become even more acrimonious this week when Harmony Gold Mining launches a fresh attack on its target&#39;s track record.