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Investing.com -- Gold Fields Ltd (NYSE:GFI) is considering adding a cash component to its takeover proposal for Australia’s Northern Star Resources Ltd (ASX:NST), according to people familiar with the matter who spoke to Bloomberg, as the South African producer attempts to salvage a transaction that would create the world’s second-largest gold miner. The deliberations follow Northern Star’s rejection on Monday of an initial all-stock approach valued at A$38.7 billion ($27.1 billion), though talk
Northern Star Resources (ASX:NST) is back in focus after Gold Fields cancelled its unsolicited A$38.5b takeover proposal, which Northern Star’s board unanimously rejected as offering an inadequate price and an unfavourable risk mix for investors. With Northern Star Resources now trading at A$23.29, the stock has given investors a 23.88% 90 day share price return and a slightly positive 0.24% 1 year total shareholder return, suggesting recent momentum has picked up even though the year has...
On this episode of Stock Movers: - Nvidia (NVDA) shares are up after the board of the leader in AI chips authorized an additional $150 billion under the company's existing share-repurchase program. The move increases the total remaining amount authorized to $235 billion. - Australia's Northern Star Resources Ltd. rejected a takeover approach from South African rival Gold Fields Ltd. that could have created the second-largest gold miner, saying the A$38.7 billion ($27.1 billion) cash-and-shares offer undervalued its business. - Roblox (RBLX) was cut to underperform from hold at Jefferies, which
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