Gold giant Gold Fields is considering raising the cash portion of its bid for Australia’s Northern Star Resources after the initial bid was rejected. Bloomberg News reports this, citing sources.
The original cash-and-share bid valued Northern Star at 38.7 billion Australian dollars, equivalent to approximately 27.1 billion dollars, and represented a premium of 22 percent. The discussions are at an early stage and it is not certain that Gold Fields will submit a revised bid.
Northern Star Resources is Australia’s largest gold producer.
