Normandy bidding war heats up

Article Abstract:

South Africa's AngloGold Ltd. may have failed in its bid for Australia's Normandy Mining Ltd. after Denver, Colo.-based Newmont Mining Corp. raised its bid. Newmont Mining, which has exceeded analysts' expectations for an acquistion price, has offered $3.2 billion in Canadian dollars for Normandy Mining.

AngloGold Ltd.

---

Miners see merger creating $3.5-billion firm

Article Abstract:

Gold Fields Ltd., which is led by chairman and chief executive officer Christopher Thompson, and Toronto, Ont.-based Franco-Nevada Mining Corp. have formed a $3.5 billion company through their recent merger. Franco-Nevada, which is led by chairman Seymour Schulich, is a gold royalty company.

Gold Fields Ltd

---

Newmont makes move for gold mega-merger

Article Abstract:

Newmont Mining Corp. has made an offer of US$4.2 billion to acquire both Franco-Nevada Mining Corp. and Normandy Mining Ltd. The merger would form the largest gold mining company in the world.

Foreign operations

Similar abstracts:

• Abstracts: Laser eye surgery wars heat up. Icon Laser Eye makes bid for Lasik Vision. Icon to appeal Lasik Vision decision
• Abstracts: Players up ante in Stelco bidding war. GMP trust move turns up heat. Hot tech, telecom players heat up analysts' salaries
• Abstracts: Noranda makes hostile bid for Rio. AngloGold raises bid for miner
• Abstracts: Loblaw bets on on-line shopping. Race heats up to scoop venerable Laura Secord
• Abstracts: Corel unloads hardware units. Entrust makes e-business investment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.