Harmony&#39;s Bid Flouts US Law, Says Gold Fields
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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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Harmony Gold yesterday undermined its ambitions to take over rival Gold Fields and create the world&#39;s biggest gold producer by reporting a headline loss that was worse than expected for the first quarter.
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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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South African gold producer Gold Fields has rejected a $8.2bn (Â£4.5bn) bid by rival Harmony which would have created the world&#39;s largest gold company.
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Gold Fields, Harmony and Norilsk Nickel are discussing alternative transactions to the current offer by Harmony for Gold Fields - and shareholders should act cautiously in the meantime, Gold Fields announced on Monday.
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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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LONDON (CBS.MW) -- Gold Fields (GFI) said Friday it welcomed a decision by a South African appeals court that Harmony Gold Mining (HMY) cannot exercise any voting rights from Gold Fields shares it may acquire from its early settlement offer until
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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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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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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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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 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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Harmony Gold Mining Company Ltd., the biggest miner of South African gold, made an &#36;8.1 billion all-stock bid Monday to takeover competitor Gold Fields Ltd. &#151; on the condition that Gold Fields step away from its planned &#36;2.1 billion acquisition of Iamgold Corp.
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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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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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Johannesburg - South African gold mining giant Gold Fields on Wednesday warned its shareholders that rival Harmony was &quot;financially stretched&quot; and was offering them overvalued shares in a hostile takeover bid.
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Gold Fields shareholders spurn Harmony's offer price.