JOHANNESBURG: Gold Road Resources Ltd is rejecting a private takeover offer from Gold Fields Ltd that values the Australian miner at A$3.3bil, with the South African company publicly announcing the proposal on Monday in a bid to win over shareholders.
Johannesburg-based Gold Fields said it put forward a non-binding offer to buy the company for A$3.05 a share in cash on March 7 implying a total enterprise value of A$2.4bil.
