Gold Fields Kirkland transaction halted

goldfieldsGIFT NDOLWANE
JOHANNESBURG, (CAJ News) – DISCUSSIONS between Gold Fields Limited and Silver Standard Resources over the acquisition of Kirkland Lake Gold have
stalled.

This has put paid to the announcement made on November 11.

On Monday, Gold Fields reported the Kirkland Lake board has advised that it determined that each of these joint proposals was not reasonably
expected to result in a Superior Proposal relative to Kirkland Lake’s previously announced combination with Newmarket Gold.

“Accordingly it (Gold Fields) would not be engaging in any discussions with Gold Fields or Silver Standard or providing them with due diligence
access.”
– CAJ News

Short URL: http://cajnewsafrica.com/?p=16393

Posted by on Nov 14 2016. Filed under Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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