The unsolicited bid comes less than three weeks before shareholders of Gold Fields and Yamana were due to vote on the deal
Gold Fields stood its ground on Friday confirming it is still pursuing its bid to acquire Yamana Gold, setting the scene for what could be a bidding war for the Canadian gold miner, after two rival companies tabled a joint counter offer.
Pan American Silver and Agnico are gunning for Yamana Gold in a $4.8bn deal that will be settled in cash and shares and is deemed by Yamana’s board to be “superior” to Gold Fields’ all-share transaction...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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