Gold Road rejects Gold Fields' 'highly opportunistic' $2.1 billion takeover bid [Yahoo! Finance]
Gold Fields Limited American Depositary Shares (GFI)
US:NYSE Investor Relations:
goldfields.com/investors.php
Company Research
Source: Yahoo! Finance
buyout bid because it believed the offer materially undervalued the company and was "highly opportunistic". Gold Fields' CEO Mike Fraser told Reuters he was still confident that Gold Road's shareholders would back the deal. With its offer, the South African miner aims to consolidate ownership over the low-cost, long-life Gruyere gold mine in Western Australia, which it operates under a joint venture with Gold Road. "The offer attributes no value at all to the potential underground expansion of the Gruyere mine," Gold Road said in a statement. Gold Road said it had tabled an alternative offer to buy Gold Fields out of Guyere, but its proposal was rejected by the Johannesburg-based miner. In a statement on Monday, Gold Fields said it was "disappointed that the Gold Road board has not constructively engaged on key elements of the proposal". Fraser told Reuters in an interview that there was "a different view on value from the (Gold Road) management point of view than what the
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GFI
News
- Bull of the Day: Gold Fields Limited (GFI) [Yahoo! Finance]Yahoo! Finance
- Gold Fields (NYSE:GFI) had its price target raised by analysts at JPMorgan Chase & Co. from $62.00 to $64.00. They now have an "overweight" rating on the stock.MarketBeat
- Gold Fields (NYSE:GFI) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GFI&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> MarketBeat
- Gold Fields (NYSE:GFI) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Gold Fields (NYSE:GFI) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
GFI
Sec Filings
- 12/19/25 - Form 6-K
- 12/19/25 - Form 6-K
- 11/28/25 - Form 6-K
- GFI's page on the SEC website