Harmony Offers to Buy Gold Fields for $8.2 Billion
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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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HARMONY Gold Mining pledged yesterday to mount a legal challenge should Gold Fields, its takeover target, scupper a hostile $8.1 billion (Â£4.2 billion) approach today.
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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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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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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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World number six gold miner Harmony Gold on Monday announced that it had secured 10.8 percent of shares in world number four gold miner Gold Fields as a result of its early settlement offer, which closed at 12h00 on Friday.
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Gold Fields has made a secret offer to buy out its largest shareholder as a last-ditch defence against a hostile $8.1bn (Â£4.35bn) bid from Harmony, its rival South African gold producer.
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The board of Gold Fields Ltd. urged shareholders Thursday to reject a US$8.1 billion (euro6.36 billion) hostile takeover bid by South African gold producer Harmony Gold Mining Co.
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South African gold producer Gold Fields has rejected a $8.2bn (Â£4.5bn) bid by rival Harmony which would have created the world&#39;s largest gold company.
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SA&#39;s largest gold producer, Harmony, is expected to launch a hostile bid for rival gold company Gold Fields today, in concert with Gold Fields&#39; largest shareholder, Russia&#39;s Norilsk.
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JOHANNESBURG: South Africaâs Harmony Gold has pounced on bigger domestic rival Gold Fields with an unsolicited, all-share takeover bid worth about $8bn to create the worldâs biggest gold producer.
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The real estate arm of diversified  conglomerate General Electric Co.  agreed on Wednesday to  buy a $2.2 billion portfolio of U.S. industrial, residential  and commercial properties, but said it would sell some retail  properties to another investor.
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Gold Fields Ltd. rejected an $8.1 billion takeover bid by smaller rival Harmony Gold Mining Company Ltd. as inadequate on Monday, despite the support of its largest stakeholder.
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South African gold producer Harmony, with backing from Russian metals giant Norilsk Nickel, is poised to make a surprise takeover bid today for Gold Fields, the world&#39;s fourth biggest producer, the Financial Times has reported.
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12/6/04- There&#39;s a big deal in the gold-mining business. Goldcorp is buying its Canadian gold-mining competitor Wheaton River Minerals for about 2 billion dollars in stock.
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Harmony Gold Mining Company yesterday bought a 10.8% stake in Gold Fields in the first phase of its $6.6bn (Â£3.5bn) takeover bid.
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HARMONY is set to become the world&#39;s biggest gold producing mining company in just four months. This week Harmony moved closer to successfully concluding its hostile bid for rival Gold Fields.