Reported 2 days ago
Gold Road Resources Ltd. has declined a A$3.3 billion ($2.1 billion) takeover offer from Gold Fields Ltd., with the board citing the proposal as 'extremely disappointing' and undervaluing the company. Gold Fields, which has a partnership in Gold Road's Gruyere mine, seeks to consolidate its 50% interest, but Gold Road has proposed buying out Gold Fields' stake instead. This rejection comes amid rising gold prices, which have revitalized mining deals.
Source: YAHOO