Gold Fields chief calls Â£4.5bn bid &#39;inadequate&#39;
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The chief executive of Gold Fields, the South African gold producer, yesterday said he would urge the board to turn down an $8.1billion (Â£4.
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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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The London Stock Exchange has described a hostile takeover bid by US stock exchange operator Nasdaq as &quot;wholly inadequate&quot; and called on its shareholders to reject the offer worth 2.9 billion pounds (4.3 billion euros, 5.5 billion dollars).
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South Africa&#39;s largest domestic gold producer Harmony will reportedly make a surprise takeover bid on Monday for the world&#39;s fourth biggest, Gold Fields.
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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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HARMONY Gold Miningâs $8.1 billion (Â£4.5 billion) hostile takeover offer for Gold Fields took an acrimonious turn last night when the much-larger target company appealed against a regulatory
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Multiplex Group, an Australian construction company, may miss out on UK development contracts should Westfield Group&#39;s proposal to buy property developer Chelsfield Plc succeed, Merrill Lynch &amp; Co.
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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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Harry Dobson, the Scottish mining billionaire who stands to make a profit of more than 30m if Glazer - s takeover proposal goes through, said he needed more details of the proposed bid before he could decide ...
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Any revaluation of International Monetary Fund (IMF) gold reserves would have to be done in a way which would preserve gold market stability, British Chancellor of the Exchequer Gordon Brown said on Monday.
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JOHANNESBURG : South Africa&#39;s Harmony Gold Mining Co. Ltd. said it would bid for control of Gold Fields Ltd, valuing it at 8.1 billion dollars (6.
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A takeover bid which would create the world's biggest gold company, with assets of $10bn, is reportedly being considered in South Africa.
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Gold Fields has rejected a $US7.2billion ($9.5billion) takeover offer by fellow South African gold producer Harmony Gold Mining, calling its rival &quot;financially stretched&quot; and suggesting Harmony could face a cash crunch.
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Business & money: Bosses fail to convince the Treasury that they should pay as little as 5% tax on their investments.
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The board of gold miner Gold Fields says the bid by rival Harmony &quot;significantly undervalues&quot; Gold Fields&#39; portfolio of assets and completely disregards the significant value that will be created from the IAMGold transaction.
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JOHANNESBURG  -- Gold Fields, the takeover target of smaller rival Harmony, contained its costs on its South African mines during the September quarter.
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EMI Group Plc  is expected to reject a potential 2.5 billion pound ($4.92 billion) bid from private equity firm Permira as being too low, the Times newspaper said on Monday.