He said that a new offer by Harmony would have to be "non-hostile" and would consider the interests of both companies.? Mvelaphanda has rights to a 15 per cent stake of Gold Fields' South African assets, which is tradeable for shares in the listed company.
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Harmony Prepares Non-Hostile Bid
"I think it would be good for South Africa..."
Tokyo Sexwale, chairman of Mvelaphanda Holdings and the key shareholder of SA gold producer Gold Fields, has approved an unsolicited $7.5bn merger offer by another SA gold miner Harmony Gold, but said it must significantly increase the ratio of its own shares it will offer the bigger company's shareholders.
?I think it would be good for South Africa - an economy that was developed largely from gold - to create the world's largest gold company," Sexwale said to Financial Times.
He said that a new offer by Harmony would have to be "non-hostile" and would consider the interests of both companies.? Mvelaphanda has rights to a 15 per cent stake of Gold Fields' South African assets, which is tradeable for shares in the listed company.
He said that a new offer by Harmony would have to be "non-hostile" and would consider the interests of both companies.? Mvelaphanda has rights to a 15 per cent stake of Gold Fields' South African assets, which is tradeable for shares in the listed company.
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