Australian miner Gold Road Resources has confirmed the rejection of a takeover offer from South Africa-based Gold Fields, which sought to acquire all shares of Gold Road for A$2.27 ($1.42 ...
He said Northern Star Resources' imminent $3.3 billion buyout of De Grey Mining, which counts Gold Road as its top shareholder, was one of the key catalysts for Gold Fields' bid.
The hostile bid also has implications for Northern Star’s $5 billion deal to buy out smaller rival De Grey, given that Gold Road owns a 17.3 per cent stake in De Grey. The Johannesburg-based ...
Northern Star, had made a $5 billion takeover offer for De Grey Mining, in which Gold Road owns a 17.3 per cent stake. Gold Road managing director and chief executive Duncan Gibbs. Trevor Collens.
JOHANNESBURG: Gold Road Resources ... valuation of Gold Road’s 17.3% stake in De Grey Mining Ltd, which in December agreed to a A$5bil takeover offer from Northern Star Resources Ltd ...
Australia's Gold Road Resources rejected a $2.1 billion takeover proposal from Gold Fields, calling the offer opportunistic following a drop in quarterly production. The all-cash proposal was made ...
For more financial news, go to the News24 Business front page. Gold Road Resources rejected a takeover valuing the Australian miner at A$3.3 billion (R38 billion), according to Gold Fields.
The gold explorer is the ASX 200's best performer for share price gains on Tuesday. The Gold Road Resources share price ... large-cap gold shares, Northern Star Resources Ltd (ASX: NST) shares ...
Gold Road’s 17 per cent stake in De Grey Mining was thought to be the drawcard because it would give a buyer options over De Grey. But now De Grey is being bought by Northern Star Resources.
Gold Fields said it has made an offer to buy Australian miner Gold Road Resources in a $2.1 billion all-cash deal. The South African gold miner said Monday that it has offered to buy all of Gold ...
(Bloomberg) — Gold Road Resources Ltd. rejected a private takeover offer from Gold Fields Ltd. that valued the Australian miner at A$3.3 billion ($2.1 billion), with the South African company publicly ...
Gold Road’s other major asset in a 17 per cent stake in De Grey Mining, which is the target of a $5bn takeover play from Northern Star. Gold Road has shaped as a potential kingmaker if a rival ...