Gold Fields bid for Iamgold in doubt
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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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LONDON (CBS.MW) -- South African gold miner Gold Fields (GFI) said it&#39;s board met Friday to assess an $8.1 billion hostile takeover offer from Harmony (HMY) as well as to review measures for its defense.
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JOHANNESBURG (Dow Jones)--South Africa&#39;s Securities Regulation Panel will next week hear objections from Gold Fields Ltd. (GFI) to the takeover offer the company received earlier this week from Harmony Gold Mining Co.
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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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Gold Fields shareholders spurn Harmony's offer price.
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South Africa&#39;s Old Mutual Asset Managers (OMAM) is still weighing its options regarding the bid by Harmony Gold (HAR) for Gold Fields (GFI), OMAM resources fund manager Patrice Rassou said.
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JOHANNESBURG  -- Initial feedback from Gold Fieldsâs North American and European investors is rejection of the hostile all-share bid by Harmony Gold for its larger rival, which has labeled the offer as âopportunisticâ, Gold Fields chief
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Western Australia gold and tantalum miner Sons of Gwalia says its gold business may be sold to pay off creditors. The company announced this morning it had appointed administrators and suspended its shares on the Australian Stock Exchange.
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JOHANNESBURG : 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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South African gold miner Harmony Gold Mining Company (NYSE: HMY) officially made its much-anticipated &quot;tender offer, Part I&quot; yesterday, and received a remarkably lukewarm response from shareholders of rival Gold Fields Limited (NYSE: GFI).
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Gold Fields Ltd. narrowly lost a key vote at a special shareholders meeting Tuesday that would have helped it fight off a hostile takeover bid by Harmony Gold Mining Co.
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Iamgold Corp. shares fell 8.5 percent after South Africa&#39;s Gold Fields Ltd. received an unsolicited takeover bid, threatening to scuttle its plan to acquire the Canadian gold producer.
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Harmony Gold Mining Co., the biggest miner of South African gold, made a hostile offer to buy Gold Fields Ltd. for 52.9 billion rand ($8.
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Gold Fields&#39; latest legal bid to prevent a hostile takeover by South African rival Harmony was thrown out by regulators yesterday in another blow to its defence strategy.
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Gold Fields, the South African gold producer, revised the terms of its proposed merger with Iamgold of Canada on Tuesday in its latest attempt to fend off a hostile bid from smaller rival Harmony.
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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 aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.