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Gold Fields sticks to its Yamana Gold offer after counter-bid

Source: Reuters

Analysts see strategic rationale, but not at any priceGold price has fallen, adding to uncertainty over M&AShare price move narrowed gap between dealsJOHANNESBURG, Nov 7 (Reuters) - The board of South Africa's Gold Fields (GFIJ.J) will not change its offer for Yamana Gold (YRI.TO) after a surprise rival bid from Agnico Eagle (AEM.TO) and Pan American (PAAS.TO), it said on Monday.Gold Fields' decision reflects…

Gold Fields sticks to its Yamana Gold offer after counter-bid | Break'n News