GFI - Gold Fields Stock Fall After Agreeing to Buy Yamana Gold
Gold Fields Ltd. (NYSE:GFI) stock collapsed after agreeing to buy Canada’s Yamana Gold Inc. (TSX:YRI) in an all-stock deal that will make the South African miner the world’s No. 4 gold producer. Gold Fields shares fell more than 20% following the news, while Yamana shares soared by 5%.
Transaction Creates a Top-4 Global Gold Major CompanyThe $6.7 billion agreement done by Gold Fields to buy Yamana Gold allows it to gain a foothold in the American continent.
Under the terms of the agreement, Yamana shareholders will receive 0.6 shares of Gold Field for ...
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Gold Fields Stock Fall After Agreeing to Buy Yamana Gold