Northern Star rejects $27bn Gold Fields takeover bid

Summarised from 2 outlets · Updated 28 Sept, 04:54 · Archive

Australian gold miner Northern Star has rejected a $27bn takeover proposal from Gold Fields.

Northern Star, Australia's biggest gold miner, rejected a takeover proposal from South Africa's Gold Fields, calling the approach 'opportunistic' and saying it undervalues the Perth-based company. Northern Star shares rose more than 9% following the rejection.

How it is being reported

• Australia’s biggest gold miner rejects $27bn takeover bidFinancial Times · 28 Sept, 03:42
• Northern Star shares pop as Australian gold miner rejects $27-billion takeover proposalCNBC · 28 Sept, 02:19

In this story: Northern Star · Gold Fields · Australia · Perth · South Africa

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem