Australia’s biggest gold miner rejects $27bn takeover bid - Financial Times — SkimNews
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- Northern Star rejected a $27 billion takeover bid from Gold Fields that, if accepted, would have created the world's No. 2 gold miner.
- Northern Star shares rose on the rejection news while the broader ASX edged higher in early trading.
Why it matters: The rejected $27 billion offer would have combined two major gold producers into the world's No. 2 player, and Northern Star shareholders pushing the stock higher on the rejection signals confidence the company is worth more as a standalone target than the bid on the table.
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