Gold Fields-Northern Star Deal Faces Hurdles
Gold Fields' offer for Northern Star faces resistance from the target, which wants more money, while Gold Fields shares have slumped 17%. The report says $5 billion in synergies have not impressed.
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Miners pursue megadeals and partnerships to build global scale
Reuters reports boards and investors still favor bigger miners to finance long-duration projects, despite recent failed bids. The story says growth now faces higher demands for capital discipline after past acquisition writedowns.