Harmony to take over Gold Fields
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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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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 - 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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GOLD Fields management may have only themselves to blame for yesterday&#39;s bid by Harmony to take over their company, a move which, if successful, is likely to cost them their jobs.
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South African regulators ruled Monday in favor of Harmony Gold Mining Co. Ltd. in the first of a series of legal and regulatory challenges to its hostile &#36;7.1 billion takeover bid for rival mining company Gold Fields Ltd.
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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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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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Investors from Russia have moved in to take control of what is believed to be one of Armenia's biggest gold-mining operations.
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The Motley Fool - Here's something you don't see every day -- the continuing brouhaha between Oracle (Nasdaq: ORCL - News) and PeopleSoft (Nasdaq: PSFT - News) being a notable exception. South Africa's Harmony Gold Mining Company (NYSE: HMY - News) has announced a hostile takeover bid to acquire fellow South African miner Gold Fields Limited (NYSE: GFI - News). The transaction, if it takes place, would be an all-stock acquisition, with Harmony issuing 1.275 new shares in payment for each share of Gold Fields. The deal would value Gold Fields at more than &#36;8 billion. ...
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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.
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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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South African gold analyst for Tlotlisa Securities Nick Goodwin on Friday recommended to his clients, that are Gold Fields (GFI) shareholders, that based on various metrics that compare Harmony&#39;s
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Shareholders of Harmony Gold Mining Co. on Friday overwhelmingly approved issuing new shares to fund the company&#39;s hostile takeover bid for Gold Fields Ltd.
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At the end of last month, Harmony took legal action to prevent Gold Fields casting a &quot;discretionary proxy&quot; vote on behalf of US shareholder Bank of New York.
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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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LONDON (CBS.MW) -- South African gold miner Gold Fields (GFI) said it&#39;s board met Friday to assess an $8.1 billion hostile takeover offer from Harmony (HMY) as well as to review measures for its defense.
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OAO GMK Norilsk Nickel will vote for Harmony Gold which is willing to acquire Gold Fields, the company&#39;s press service said referring to Mikhail Prokhorov, GD at GMK Norilsk Nickel.