Gold Fields ready to fight Harmony takeover
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Gold Fields Ltd. (GFI) said it rejected a takeover bid by Harmony Gold Mining Co. Ltd. to create the world&#39;s leading gold mining group, saying it was not in its interests.
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The chance of Harmony succeeding in its hostile bid for Gold Fields was starting to fade, analysts said yesterday after Harmony received about a third of the shares it had hoped
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JOHANNESBURG, SOUTH AFRICA - Harmony Gold Mining says it will try to block Gold Fields International&#39;s merger proposal with Toronto-based Iamgold, despite a South African court ruling prohibiting it from doing so.
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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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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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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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JOHANNESBURG (Dow Jones)--North American shareholders will play a decisive role in the outcome of the bitter takeover battle between South African gold giants Harmony Gold Mining Co.
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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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[Business India]: South African gold producer Harmony has bid to take over larger rival Gold Fields, a merger that would create the world&#39;s biggest gold producer.
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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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JOHANNESBURG  -- Fridayâs Competition Tribunal hearing over Harmonyâs proposed takeover of Gold Fields was another attempt by the target company to prevent the deal from going through.
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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 said today it would seek leave from the Competition Appeal Court to appeal the ruling allowing it to acquire Gold Fields&#39; shares, but not to exercise the shares&#39; voting rights.
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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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GOLD Fields last night opened another front in its war to stave off a hostile takeover bid by rival Harmony this time bringing in the high court.
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THE merger of Harmony and Gold Fields is attractive in that it will not only create the biggest gold producer in the world, but one which is truly South African.
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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.