Gold Fields CEO Douses Bid Talk
Gold Fields CEO Mike Fraser dampened expectations of a raised buyout offer for Northern Star. He stated that the Australian miner must first acknowledge a potential path to a merger before any new proposal is made.
Xurve View
Insights:
Xurve View
GOLD FIELDS LTD CEO Mike Fraser ruled out increasing its $27.1B buyout proposal for NORTHERN STAR RESOURCES LTD on Thursday. The move follows Northern Star's rejection of the takeover bid last month in favor of standalone restructuring plans. The standoff leaves the creation of the world's second-largest Gold producer in limbo as management teams clash over valuation.