CAPITAL MARKETS

Normandy: Reject AngloGold bid

NORMANDY Mining shares have fallen more than 1.1% after it formally rejected a takeover offer by AngloGold, and following a 1.3% fall in rival bidder Newmont Mining Corp's stocks overnight after Normandy recommended shareholders accept Newmont's offer.

Greg Tubby
Normandy: Reject AngloGold bid

Normandy said in a supplementary target's statement that Newmont's offer far exceeded that of AngloGold. "The director's have agreed, subject to their fiduciary duties, to recommend that shareholders...

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