Harmony Gold Says Gold Fields Abusing Corporate Governance
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At the end of last month, Harmony took legal action to prevent Gold Fields casting a &quot;discretionary proxy&quot; vote on behalf of US shareholder Bank of New York.
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Gold Fields&#39; latest legal bid to prevent a hostile takeover by South African rival Harmony was thrown out by regulators yesterday in another blow to its defence strategy.
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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.
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LONDON (CBS.MW) -- South African gold miner Gold Fields (GFI) said it&#39;s board met Friday to assess an $8.1 billion hostile takeover offer from Harmony (HMY) as well as to review measures for its defense.
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South African miner Harmony, seeking to acquire rival Gold Fields, posted a first quarter headline loss per share of 110 cents on Monday, worse than expected.
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JOHANNESBURG, SOUTH AFRICA - Harmony Gold Mining says it will try to block Gold Fields International&#39;s merger proposal with Toronto-based Iamgold, despite a South African court ruling prohibiting it from doing so.
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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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South African gold miner Harmony yesterday sought to rubbish a secret plot by rival and bid target Gold Fields to scupper its $8.1billion (Â£4.35billion) hostile offer.
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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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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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Gold Fields Ltd. narrowly lost a key vote at a special shareholders meeting Tuesday that would have helped it fight off a hostile takeover bid by Harmony Gold Mining Co.
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Harmony Gold Mining, South Africa&#39;s gold largest miner, made a hostile bid today to acquire buy Gold Fields for 52.9 billion rand ($8.
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GOLD Fields, moving to hold its ground in the face of an increasingly hostile takeover battle with Harmony, filed a complaint in a New York district court on Friday in one of many actions taken to stymie Harmony&#39;s bid to become the world&#39;s biggest gold
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Gold miner Harmony has announced that it will use its shares in rival miner Gold Fields to vote against the proposed IAMGold transaction at the Gold Fields general meeting on December 7. Harmony has an 11.8
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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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Johannesburg - South Africa&#39;s Harmony Gold Mining on Monday announced that it to launch a takeover bid for Gold Fields, offering a 29-percent premium for its entire share capital to create the world&#39;s leading gold mining group.
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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.