Original article by Brad Thompson
The Australian – Page: 18 : 25-Mar-25

South Africa-based Gold Fields has made an all-cash takeover bid for Gold Road Resources; the offer of $3.05 per share values the Australian-listed gold producer at $3.3bn. This includes an $829m valuation for the target’s 17.3 per cent stake in De Grey Mining, which itself is the subject of a $5bn takeover bid from Northern Star Resources. Gold Fields has launched the hostile bid after its takeover approach was rejected by Gold Road’s board in early March. The two companies jointly own the Gruyere gold mine in Western Australia, and they both want to buy each other out.

CORPORATES
GOLD ROAD RESOURCES LIMITED – ASX GOR, GOLD FIELDS LIMITED, DE GREY MINING LIMITED – ASX DEG, NORTHERN STAR RESOURCES LIMITED – ASX NST