Court Blocks Gold Fields Takeover Attempt
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Gold Fields Ltd. said Friday that a South Africa&#39;s Competition Appeal Court has temporarily blocked a hostile takeover bid from Harmony Gold Mining Co.
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An Indonesian court on Thursday ruled the detention of five executives of US mining giant Newmont, including an Australian, was illegal, throwing into doubt a major pollution case involving the world&#39;s biggest gold producer.
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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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Denver lost out on becoming headquarters of the world&#39;s seventh-largest gold company Tuesday after shareholders defeated a proposed $2.9 billion international mining merger between Canada&#39;s Iamgold and South Africa-based Gold Fields Ltd.
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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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South African gold producer Gold Fields rejects a $8.2bn bid by rival Harmony, saying the offer is not attractive.
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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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Miner Harmony Gold can cut costs at takeover target Gold Fields Ltd. by up to $178.4 million and restrict job losses at its head office, senior management and service level, the firm said Thursday.
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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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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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The upstart miner has won a huge round as part of its hostile takeover bid for Gold Fields. It&#39;s not money in the bank yet, though.
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Former President Nelson Mandela and his foundation won an injunction Friday prohibiting a South African company from importing or selling gold coins bearing his name and image.
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The board of directors of Gold Fields Ltd. said Thursday that it would not hold discussions with Harmony Gold Mining Co. Ltd., criticizing its hostile &#36;5.76 billion takeover bid as grossly inadequate.
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Gold producer Harmony yesterday won the latest round in its battle to acquire Gold Fields when the South African high court ruled that the hostile bid for its rival was lawful.
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Manchester United's major shareholders moved to block any attempts at a take-over by Malcolm Glazer, the American owner of the Tampa Bay Buccaneers NFL franchise.
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TORONTO (CP) - Goldcorp Inc. has decided to let its shareholders vote on a proposed merger with Vancouver&#39;s Wheaton River Minerals while a hostile takeover bid for Goldcorp from a US gold miner looms.
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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.