Sparks fly in Gold Fields bid battle
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The bitterly fought $8.1bn (Â£4.5bn) bid battle for control of Gold Fields is set to become even more acrimonious this week when Harmony Gold Mining launches a fresh attack on its target&#39;s track record.
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Johannesburg - South African gold mining giant Gold Fields on Wednesday warned its shareholders that rival Harmony was &quot;financially stretched&quot; and was offering them overvalued shares in a hostile takeover bid.
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile $7.1 billion takeover by Harmony Gold Mining Co. that would create the world&#39;s largest gold mining company.
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Gold prices in New York rose for the first time in three sessions after Sons of Gwalia Ltd., Australia&#39;s second-biggest gold miner, said it&#39;s concerned about its ability to supply gold
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Harmony Gold Mining, the largest miner of South African gold, made a hostile bid yesterday to acquire Gold Fields Ltd., another South African miner, for 52.
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JOHANNESBURG - Mining giant Gold Fields will know after a crucial shareholder vote on Tuesday if it has succeeded in ending a cheeky hostile take-over bid by its rival Harmony to create the world&#39;s largest gold producer.
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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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Mining giant Xstrata tables a bid for Australian nickel producer Jubilee Mines for 3bn Australian dollars ($2.8bn; Â£1.34bn).
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Harmony Gold, South African gold mining group, said it made a bid over its bigger rival Gold Fields to form the biggest gold producer over the globe.
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Mining giant Gold Fields will know after a crucial shareholder vote on Tuesday if it has succeeded in ending a cheeky hostile takeover bid by its rival Harmony to create the world&#39;s largest gold producer.
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Gold futures hit a 16-year high Monday, continuing a bull run that has gold companies &quot;living the dream,&#39;&#39; according to one industry analyst.
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Gold Fields says it is confident it will fend off a hostile takeover from rival gold producer Harmony despite losing a key legal challenge.
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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 announced on Friday that it had filed a complaint in a New York district court against Harmony Gold Mining in connection with Harmony&#39;s &quot;coercive&quot; two-step offer for the shares of Gold Fields.
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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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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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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.