Harmony set to launch Gold Fields bid
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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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South African gold miner Harmony yesterday sought to rubbish a secret plot by rival and bid target Gold Fields to scupper its $8.1billion (Â£4.35billion) hostile offer.
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Here we go! The not-so-surprise announcement by Harmony Gold Mining that it was looking to &quot;merge&quot; with Gold Fields is sure to provide plenty of entertainment.
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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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Shareholders of Harmony Gold Mining Co. on Friday overwhelmingly approved issuing new shares to fund the company's hostile takeover bid for Gold Fields Ltd.
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Harmony Gold Mining's hostile bid today to acquire buy Gold sparked what is certain to be a bitter takeover battle.
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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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South Africa's Harmony Gold has made an unsolicited 52.9 billion rand (&#36;8.2 billion) bid to take over bigger domestic rival Gold Fields to create the world's biggest gold producer, it said on Monday.
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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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Gold miners Harmony (HAR) and Gold Fields (GFI) dominated activity on the JSE Securities Exchange South Africa (JSE) on Monday, with the former taking a knock after announcing a hostile bid for the latter.
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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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South Africa&#39;s largest domestic gold producer is poised to make a surprise takeover bid for Gold Fields. With the backing from Russian metals giant Norilsk Nickel, Harmony will
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile &#36;7.1 billion takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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NEW YORK, October 19  - Gold Fields Limited (GFI.NYS) has rejected Harmony Gold Mining Company&#39;s recently announced takeover bid through an all-stock deal valued at about $8.
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Gold Fields, Harmony and Norilsk Nickel are discussing alternative transactions to the current offer by Harmony for Gold Fields - and shareholders should act cautiously in the meantime, Gold Fields announced on Monday.
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Gold Fields Ltd. said Friday that it is suing fellow South African miner Harmony Gold Mining Ltd., charging that Harmony has misled shareholders in its recent hostile bid for Gold Fields.
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HARMONY Gold, which has managed to acquire only 10,8% of Gold Fields in the first stage of its hostile takeover bid, put a brave face on its offer yesterday, saying it would immediately launch the second part of its offer for the remaining shares.