Harmony puts brave face on 11%
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Harmony Gold, which has managed to acquire only 10,8% of Gold Fields in the first stage of its hostile take-over bid, put a brave face on its offer yesterday, saying it would immediately launch the second part of its offer for the remaining shares.
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The nationâs largest brewer posted a 11 percent rise in profit as it sold more beer at higher prices.
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Johannesburg - Norilsk Nickel included escape clauses in its pact to support Harmony&#39;s takeover bid for Gold Fields, according to the agreement.
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JOHANNESBURG, South Africa - 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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The retailer has a winning formula.
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Ignore the jittery analysts -- Noble looks quite strong.
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A look back at the telltale signs of one company's meteoric rise.
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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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HARMONY has voted its 10,8% of Gold Fields shares against a planned reverse-listing of Gold Fields assets outside southern Africa into IAMGOLD of Canada, Harmony director Ferdi Dippenaar said yesterday.
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Harmony Gold Mining Co., the biggest miner of South African gold, may have to raise its hostile 39.3 billion rand ($6.7 billion) offer for Gold Fields Ltd.
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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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The battle for control of Gold Fields starts in earnest on Friday with the closing, at noon Johannesburg time, of the first stage of Harmony&#39;s two-part merger offer to the bigger company&#39;s shareholders.
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Adlabs, the multiplex group, today launched Silver Screen in association with an NGO called Harmony. A
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GOLD Fields management may have only themselves to blame for yesterday&#39;s bid by Harmony to take over their company, a move which, if successful, is likely to cost them their jobs.
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With all its units showing sales increases, PPG paints a rosy picture.
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The score is now two out of two for Harmony Gold in its hostile bid for Gold Fields after the Securities Regulation Panel and the Johannesburg high court last week handed down judgments favourable
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The vote by the shareholders of world number four gold miner Harmony on the group&#39;s bid for rival Gold Fields on late Friday morning is crucial to the continuation of Harmony&#39;s daring bid.