Northern Star rejects A$38.7 billion Gold Fields takeover proposal
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Northern Star rejects Gold Fields' A$38.7 billion takeover bid
Northern Star said Gold Fields' unsolicited offer valued the Australian miner at A$38.7 billion and implied A$27.00 per share on September 14. The company said the revised A$25.19 per share consideration and deal conditions undervalued its portfolio and carried higher jurisdictional risk.
Northern Star Resources rejects A$38.7 billion takeover bid from Gold Fields
Northern Star said the unsolicited proposal valued it at A$38.7 billion and would have paid 0.3125 Gold Fields shares plus A$7.25 cash per share.
Australia's Northern Star Resources rejects takeover bid from South Africa's Gold Fields
Australia's Northern Star Resources ASX:NST said on Monday it rejected an unsolicited takeover proposal from South Africa's Gold Fields JSE:GFI that valued the gold miner at A$38.7 billion ($27.13 billion).Under the deal, Northern Star shareholders would have received 0.3125 new Gold Fields shares…