Gold Fields Says Gold Road Rejected $2.1 Billion Takeover Offer

Bloomberg
03-24

(Bloomberg) -- Gold Road Resources Ltd. rejected a takeover valuing the Australian miner at A$3.3 billion ($2.1 billion), according to Gold Fields Ltd. 

Most Read from Bloomberg

  • They Built a Secret Apartment in a Mall. Now the Mall Is Dying.
  • Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says
  • LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs
  • New York Subway Ditches MetroCard After 32 Years for Tap-And-Go
  • Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style

Johannesburg-based Gold Fields said Monday it put forward a non-binding proposal to buy the Perth-based company for A$3.05 a share in cash on March 7, valuing its equity at A$3.3 billion and implying a total enterprise value of A$2.4 billion. Gold Roads’ board rejected the offer, it said. 

Gold Roads didn’t immediately reply to a request for comment. 

The acquisition would consolidate Gold Fields’ ownership of the joint-venture Gruyere mine it operates in Western Australia, in which Gold Road holds a non-operating interest, the South African company said. Gold Road put forward an alternative proposal to buy out Gold Fields’ stake at the joint venture operation, which it in turn rejected. 

Most Read from Bloomberg Businessweek

  • A New ‘China Shock’ Is Destroying Jobs Around the World
  • How TD Became America’s Most Convenient Bank for Money Launderers
  • Tesla’s Gamble on MAGA Customers Won’t Work
  • One Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream
  • The Real Reason Trump Is Pushing ‘Buy American’

©2025 Bloomberg L.P.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10