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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
The proposal would have resulted in the creation of the world’s second-largest gold miner by total production.
Gold Fields Ltd ADR (NYSE:GFI) shares fell 13. 5% in pre-open trading after Northern Star Resources rejected an unsolicited A$38.
After losing some value lately, a hammer chart pattern has been formed for Northern Star Resources Ltd (NESRF), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Gold Fields Limited (NYSE:GFI) has unsuccessfully bid for Australia’s Northern Star Resources Ltd (OTC:NESRF). The board has unanimously rejected an unsolicited 38.7 billion Australian dollar ($27.1 billion) takeover proposal that would have created the world’s second-largest gold producer behind Newmont.Following the announcement, the stock fell more than 16%.Gold Fields Takeover ProposalThe cash-and-stock scheme of arrangement offered 0.3125 new Gold Fields shares plus 7.25 Australian dollars
(Updates with information on the stock movement in the last paragraph.) Gold Fields' (GFI) unsoli
Investing.com-- South Africa’s Gold Fields Ltd (JO:GFIJ) has approached Northern Star Resources (ASX:NST) about a potential acquisition, but Australia’s biggest gold miner rebuffed the overtures, Bloomberg News reported on Saturday, citing people familiar with the matter.
PolarX Limited (ASX: PXX; OTCQB: PXXXF) announced exceptional assay results from the first holes for the 2026 diamond drilling campaign at its hyper-grade Caribou Dome Project, part of the Alaska Range Joint Venture with Northern Star Resources Limited in Alaska.
Underlying EBITDA surges 22% to $4.3 billion, with FY27 production guided at 1.5-1.65 million ounces as the company navigates KCGM ramp-up and inflationary pressures.
Elliott Investment Management L.P. ("Elliott"), which manages funds that together hold an investment of approximately 5.6% in Northern Star Resources Ltd ("Northern Star" or the "Company"), today issued the following statement in response to the Company's announcements on August 13:
Elliott Investment Management L.P. ("Elliott"), which manages funds that together hold an investment of approximately 5.6% in Northern Star Resources Ltd ("Northern Star" or the "Company"), today sent a letter to the Company's Board of Directors.
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