Only 0.2 percent of Gold Fields shareholders have accepted so far
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JOHANNESBURG  -- Fridayâs Competition Tribunal hearing over Harmonyâs proposed takeover of Gold Fields was another attempt by the target company to prevent the deal from going through.
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Gold retreated after marginally gaining   on Tuesday as investor confidence remained fragile after last   week's huge sell-off and ahead of this week's U.S. Federal   Reserve meeting.
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Gold Fields shareholders reject merger with Iamgold.
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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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Harmony Gold Mining Co, South African gold firm, has made a $8.2 billion bid to acquire its much bigger rival -- Gold Fields. If the acquisition or the merger goes through, it would create the world&#39;s largest gold producing company.
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Harmony Gold, which has managed to acquire only 10,8% of Gold Fields in the first stage of its hostile take-over bid, put a brave face on its offer yesterday, saying it would immediately launch the second part of its offer for the remaining shares.
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The crucial Gold Fields shareholder vote on whether to merge Gold Fields&#39; international mining assets and those of Canada&#39;s IAMGold is set to take place on Tuesday, with the result hanging in the balance.
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Gold Fields may find itself without a board, a chairman, or the approval of its shareholders for its financial statements after a crucial shareholders meeting tomorrow.
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TORONTO (CP) - Shares of Iamgold fell more than 10 per cent after its proposed merger with Gold Fields Ltd. was thrown into doubt Monday as South Africa&#39;s Harmony Gold Mining Company Ltd.
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Gold Fields Ltd. shareholders rejected a plan to buy Canada&#39;s Iamgold Corp. for about $2.9 billion, fulfilling a condition of Harmony Gold Mining Co.
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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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TORONTO (CP) - Goldcorp Inc. has decided to let its shareholders vote on a merger with Vancouver&#39;s Wheaton River Minerals while a hostile takeover offer for Goldcorp from another gold miner looms.
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Gold Fields&#39; plan to merge with Iamgold of Canada could end up mired in legal challenges if a crucial shareholder vote next week produces a close result.
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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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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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Harmony, the listed gold miner, has not put a final figure on how much it will have to spend on its hostile bid for local rival Gold Fields.
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JOHANNESBURG (Dow Jones)--Harmony Gold Mining Co. Ltd. (HMY) said in a statement Wednesday it has posted details of its proposed merger with Gold Fields Ltd.