Northern Star Rejects Gold Fields' A$38.7 Billion Takeover Bid - IndexBox
Gold
AI desk brief
Northern Star rejected Gold Fields’ unsolicited A$38.7 billion takeover bid, saying the A$27/share, mostly stock-funded proposal undervalued its asset base and exposed holders to new jurisdictional and operational risks. The market read was mixed for the two names: Northern Star rose 7% in Sydney to about A$23.47, while Gold Fields fell 12% in Johannesburg.
Sources used
- S1 IndexBox via Google News — Northern Star Rejects Gold Fields' A$38.7 Billion Takeover Bid - IndexBox