South Africa&#39;s Harmony Gold to bid for GFI to create world leader
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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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Glamis Gold, a medium-sized gold producer based in Nevada, unveiled a US$3.4bn bid for Canada&#39;s Goldcorp on Thursday, seeking to thwart a friendly deal announced last week between
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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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Harmony Gold Mining Co. Ltd. said Monday it had acquired 10.8 percent of Gold Fields Ltd.&#39;s shares through the first phase of its hostile US$6.6 billion (euro4.9 billion) takeover bid.
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JOHANNESBURG, South Africa, Nov. 30 /PRNewswire-FirstCall/ -- Gold Fields (NYSE:GFI)has announced that it has reached agreement with IAMGold (TSX: IMG; Amex: IAG) (&quot;IAMGold&quot;) to revise the terms of the proposed
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Harmony Gold Mining Co., the biggest miner of South African gold, may report a fifth consecutive quarterly loss while Gold Fields Ltd.
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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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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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South African mining giant Gold Fields on Friday said it has filed a complaint in a New York court against rival Harmony to try and stop it from continuing with a hostile takeover to create the world&#39;s largest gold producer.
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Harmony has accused Gold Fields of attempting to bribe an employee to &quot;spy&quot; and provide information on Harmony&#39;s take-over bid.
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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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Harmony Gold Mining, South Africa&#39;s gold largest miner, made a hostile bid today to acquire buy Gold Fields for 52.9 billion rand ($8.
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The battle for control of Gold Fields starts in earnest on Friday with the closing, at noon Johannesburg time, of the first stage of Harmony&#39;s two-part merger offer to the bigger company&#39;s shareholders.
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Harmony Gold Mining Co, South African gold firm, has made a $8.2 billion bid to acquire its much bigger rival -- Gold Fields. If the acquisition or the merger goes through, it would create the world&#39;s largest gold producing company.
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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 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.