CAPITAL MARKETS

AngloGold extends offer period, Normandy at three-year high

ANGLOGOLD has extended its takeover offer for Normandy Mining by a week as it awaits the result of an appeal against a Takeovers Panel decision that favoured rival bidder Newmont Mining.

Greg Tubby
AngloGold extends offer period, Normandy at three-year high

The panel last week rejected AngloGold's claim that Newmont's bid unfairly favoured Franco-Nevada shareholders and denied its request to have the offer declared invalid. The South African's bid had been...

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