Harmony?s legal team countered that the company was not totally sure that it would get the 34.9 percent available for early acceptances and that it had only received acceptances representing 0.2 percent of Gold Fields? total shares so far.
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Gold Fields Look For Protection
Gold Fields, the South Africa's mining company, argued to the Competition Tribunal to prevent...
Gold Fields, the South Africa?s mining company, argued to the Competition Tribunal to prevent another local gold miming firm Harmony from performing the deal of takeover. Whether or not it is successful will only come out some time this week.
Gold Fields? legal team argued to the Tribunal that Harmony would already be in control of Gold Fields by November 26, through an over-subscription of early acceptances plus the guaranteed vote of the Norilsk Nickel 20 percent shareholding at the IAMGold meeting. It added that all parties involved all knew that the early acceptance offer would be over-subscribed by the cut-off date.
Harmony?s legal team countered that the company was not totally sure that it would get the 34.9 percent available for early acceptances and that it had only received acceptances representing 0.2 percent of Gold Fields? total shares so far.
Harmony?s legal team countered that the company was not totally sure that it would get the 34.9 percent available for early acceptances and that it had only received acceptances representing 0.2 percent of Gold Fields? total shares so far.
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