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Gold Road Rejects Gold Fields' 'Opportunistic' Bid, Criticizes Timing, Terms - Gold Fields (NYSE:GFI), Gold Road Resources (OTC:ELKMF)

Summary by Benzinga

Gold Fields (GFI) made a conditional offer to acquire 100% of Gold Road Resources (ELKMF) for A$3.05/share ($2.07 billion), but it was rejected as opportunistic and undervalued.

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Australian Financial Review

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Gold Road chief executive lashes ‘aggressive’ $3.3b takeover bid

Duncan Gibbs said the proposal from South Africa’s Gold Fields, its partner in a West Australian mine, was priced too low.

10 days ago·Sydney, Australia

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Benzinga

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Gold Road Rejects Gold Fields' 'Opportunistic' Bid, Criticizes Timing, Terms - Gold Fields (NYSE:GFI), Gold Road Resources (OTC:ELKMF)

Gold Fields (GFI) made a conditional offer to acquire 100% of Gold Road Resources (ELKMF) for A$3.05/share ($2.07 billion), but it was rejected as opportunistic and undervalued.

11 days ago·New York, United States

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Financial Post

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Gold Road Rejects $2.1 Billion Offer From South Africa Rival

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 Af…

11 days ago·Canada

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The West Australian

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Gold Road rejects $3.3b takeover bid by Gruyere JV partner

A South African gold goliath is prepared to pay $3.3 billion to snap up its Goldfields joint venture partner, but the hunted wants to be the hunter.

11 days ago·Australia

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Bloomberg

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Gold Fields Says Gold Road Rejected $2.1 Billion Takeover Offer

Gold Road Resources Ltd. rejected a takeover valuing the Australian miner at A$3.3 billion ($2.1 billion), according to Gold Fields Ltd.

11 days ago·United States

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Business News

Gold Road boss blasts ‘aggressive and hostile’ $3.3bn takeover bid

Aggressive and hostile is how the chief executive of Gold Road Resources has described the $3.3 billion bid lobbed by its Gruyere joint venture partner Gold Fields.

10 days ago

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