Gold Fields investors snub bid
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Harmony&#39;s bid to create the world&#39;s biggest gold miner suffered a blow yesterday when the first part of its offer for South African rival Gold Fields received a lukewarm reception from shareholders.
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Investors don't want to say "when" on Green Mountain.
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SAN FRANCISCO (CBS.MW) -- Gold Fields Ltd. said Friday that the New York Stock Exchange has suspended trading of its shares until it receives preliminary figures from Harmony Gold Mining on the number of Gold
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JOHANNESBURG  -- Gold Fields has formally announced that its proposed merger terms with Toronto-listed IAMGold, due for the vote on December 7, are unchanged but that Gold Fields will contribute $200 million (in US dollars) less in cash to
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Mining giant BHP Billiton Ltd.    is not currently working on a bid for U.S.  aluminum producer Alcoa Inc , a source close to the  matter said on Tuesday, playing down a newspaper report.
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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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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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Rio Tinto  , the  world&#39;s second-largest mining group, on Tuesday dismissed talk  that it was lining up a bid for Canadian aluminum maker Alcan   as speculation, but did not to deny the rumor outright.
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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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Gold Fields says it is confident it will fend off a hostile takeover from rival gold producer Harmony despite losing a key legal challenge.
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Australian prospector Midwest Corp   rejected a $1 billion-plus takeover proposal from its  major shareholder, the Chinese commodities trader Sinosteel,  emboldened by another big hike in iron ore prices this year.
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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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Many investors are mystified by gold and aren't warming to it even as prices hit 28-year highs and the world's top producer says market conditions are a positive "perfect storm" for the precious metal.
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Gold Fields, a gold producing company from South Africa, rejected a bid from its closest rival Harmony Gold as it seemed unattractive to it.
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The share price of Harmony Gold came under pressure today, dipping some 8% after announcing a hostile bid for Gold Fields to create the world&#39;s biggest gold producer.
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South African gold producer Gold Fields rejects a $8.2bn bid by rival Harmony, saying the offer is not attractive.
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Gold Fields will be expected to sell its international assets valued at up to $3.5 billion and return the cash to shareholders as part of its defence against a hostile all-share bid from rival gold producer Harmony.