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Gold Fields CEO Plays Down Prospect of Higher Northern Star Offer

Gold Fields' CEO said the company is not going to raise its offer unless Northern Star acknowledges it is open to a merger.

GFINST

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08:30:07 AM UTC
SquawkNews
By Melanie BurtonGold Fields' JSE:GFI CEO played down speculation on Thursday that the South African gold producer will raise its offer for Northern Star, saying the Australian target first needs to acknowledge that it sees a potential path to a tie-up.Gold Fields has embarked on a long-planned roa…