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Gold/Mining/Energy : Precious and Base Metal Investing

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From: bmccra	10/18/2004 9:51:38 AM
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Harmony Commences Offer to Acquire Gold Fields JOHANNESBURG, South Africa, Oct. 18 Harmony Gold Mining Company Limited today announced its intention to make an offer to Gold Fields Limited shareholders to acquire the entire issued share capital of Gold Fields. The offer provides an immediate 29% premium calculated by comparing the closing Harmony price of R84.41 on 14 October 2004, multiplied by the proposed offer ratio (1:1.275), to the average of the daily volume weighted average price of Gold Fields shares on the JSE for the 30 business days prior to and including 14 October 2004. The offer values Gold Fields at $8.1 billion. biz.yahoo.com b

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