CAPITAL MARKETS

Harmony offer no longer a winner

THE bruising takeover battle between Harmony Gold and Gold Fields appears to be all but over with Harmony the big loser.

Tim Treadgold
Harmony offer no longer a winner

Acceptances from Gold Fields shareholders for the share swap offer from Harmony have dried to a trickle with prices on the stock market showing that the bid is now out-of-the-money – anyone who accepts...

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