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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The board of Gold Fields Ltd. urged its shareholders Wednesday to reject an $8.1 billion hostile takeover bid by its smaller South African gold producing rival, Harmony Gold Mining Co.
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TORONTO - Iamgold Corp. shares dipped more than 13 per cent in early trading on Monday after Harmony Gold Mining Co. launched a takeover bid for Gold Fields Inc.
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ATTEMPTS by mining house Gold Fields attempts to resist rival Harmony&#39;s hostile takeover bid were dealt a major blow yesterday, after a last-minute switch by Sanlam Asset Managers effectively torpedoed its plan to list its international assets in Canada.
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HARMONY Gold Mining pledged yesterday to mount a legal challenge should Gold Fields, its takeover target, scupper a hostile $8.1 billion (Â£4.2 billion) approach today.
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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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Harmony, the South African gold producer, yesterday lost the latest round in the battle to gain control of its rival, Gold Fields, when the South African court said both stages of its bid must be approved by the competition authorities.
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SAN FRANCISCO (CBS.MW) -- Gold Fields Ltd. welcomed Friday a decision handed down by a South African appeals court that the company said temporarily blocks Harmony Gold Mining Ltd.
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Harmony Gold Mining, the largest miner of South African gold, made a hostile bid yesterday to acquire Gold Fields Ltd., another South African miner, for 52.
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JOHANNESBURG: South Africaâs Harmony Gold has pounced on bigger domestic rival Gold Fields with an unsolicited, all-share takeover bid worth about $8bn to create the worldâs biggest gold producer.
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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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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 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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Harmony Gold Mining Corp. (HARJ.J: Quote, Profile, Research) said on Monday that if Gold Fields Ltd. (GFIJ.J: Quote, Profile, Research) shareholders approve a proposed deal with Iamgold Corp.
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A ferocious battle to control South Africa&#39;s Gold Fields company looks certain after its management last night rejected an $8bn (Â£4.
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South African mining giant Gold Fields lost a high court bid to halt a hostile takeover by rival Harmony Gold, which is seeking to create the world&#39;s biggest gold producer, a court official said.
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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.