Gold Fields rejects rival&#39;s bid
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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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English Premiership club Newcastle have reportedly rejected a takeover bid from the Belgravia Group.
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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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South Africa's Competition Tribunal has rejected a request by Gold Fields Ltd. to block a &#36;7.1 billion hostile takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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Oil companies reject a union's claim that they are blocking investment in North Sea developments.
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MELBOURNE - Australian nickel and copper miner WMC Resources rejected aA$7,4bn takeover bid from Xstrata, but left the door open for a higher offer, which sent its shares soaring.
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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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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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The Canadian aluminum maker Alcan has denied a request by a rival, Alcoa, for further talks on Alcoaâs hostile $27.5 billion takeover bid.
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Australian mining group WMC Resources Ltd has formally rejected a 7.4 billion dollar (5.73 billion US) takeover bid by Swiss-based Xstrata Plc, using an independent report to back its view the offer was neither fair or reasonable.
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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 Fields has attacked Harmony Gold Mining&#39;s &quot;stretched&quot; finances and &quot;marginal&quot; mines as it urged shareholders to reject an approach from the rival gold producer.
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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 [GFI] stockholders have unambiguously rejected the planned reverse takeover of some of its assets by IAMGold [IAG], and the subsequent division of the company into local and foreign entities.
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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 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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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.