Counteroffer for Yamana leaves Gold Fields’ bid in the balance
The unsolicited bid comes less than three weeks before shareholders of Gold Fields and Yamana were due to vote on the deal
05 November 2022 - 19:24
UPDATED 06 November 2022 - 23:11
Gold Fields’ proposal to acquire Yamana Gold in a R120bn deal hangs in the balance after two rival companies tabled a joint counteroffer, setting the scene for what could be a bidding war for the Canadian company.
Nasdaq-listed Pan American Silver and Agnico threw their hat into the ring on Friday when they tabled a joint $4.8bn offer to acquire Yamana, catching the markets off guard...
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