Australia’s Gold Road Resources has accused Gold Fields of sowing divisions between Gold Road’s board and shareholders when it made public the terms of a R38bn takeover bid this week. The mid-tier gold miner stood by its decision to reject what it calls an “opportunistic” deal from Gold Fields.
In a letter to shareholders on Thursday, Gold Road chair Tim Netscher said he met with Gold Fields CEO Mike Fraser a number of times after rejecting the offer...
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