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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject11/20/2001 8:53:26 PM
From: Box-By-The-Riviera™  Read Replies (2) of 436258
 
DJ AUSTRALIA PRESS: AngloGold Mulls A$300M Bid Sweetener

20 Nov 16:18


SYDNEY (Dow Jones)--South Africa's AngloGold Ltd. (AU) is set to add a A$300
million cash sweetener to its bid for Australia's Normandy Mining Ltd. (A.NDY)
and drop all conditions on its offer, the Australian reports Wednesday.

The world's biggest gold producer is believed to be considering a cash
dividend of up to 15 cents a Normandy share - which at recent prices would push
its bid above that of Newmont Mining Corp. (NEM), the paper said. Sources said
the company recognized the need to add a cash component to its all-scrip offer.

The revised offer may come as soon as Monday, the paper said.
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