Technische Details der HAR-Offerte:
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alle Beteiligten haben "mächtig Holz vor der Hütten".
Die Kritische Masse für einen "Blow off" ist da.
Da reicht ein Fleet in being.
Die brauchen garnicht zuzuschlagen.
gogh
aus SA-Tageszeitung vom 18.10.04
Harmony details proposed merger with Gold Fields
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South African gold miner Harmony (HAR) on Monday announced the
terms of a proposed merger between it and Gold Fields (GFI), under
which Harmony proposes to acquire the entire issued share capital of
Gold Fields in exchange for the issue to Gold Fields shareholders of
new shares in Harmony.
Harmony said it has conveyed the terms of the proposed merger to the
board of Gold Fields and is hopeful that the proposed merger will be
recommended by the directors of Gold Fields.
However, in view of the proposed transaction between Gold Fields and
IAMGold Corporation Inc., which Harmony considers to be contrary to the
best interests of Gold Fields shareholders, Harmony believes that Gold
Fields shareholders should be afforded the opportunity to decide on the
merits of the proposed merger at the earliest opportunity.
Harmony will shortly post to Gold Fields shareholders an offer document
containing the detailed terms and conditions of the proposed merger.
The proposed merger is conditional on the proposed IAMGold
transaction not proceeding and the approval of the proposed merger by
Harmony shareholders.
In terms of the offer, Harmony is offering 1.275 Harmony shares for each
Gold Fields share and for each Gold Fields ADS. The offer values
Goldfields at 52.9 billion rand or $8.1 billion based on the closing price
of 84.41 rand per Harmony share on the JSE Securities Exchange South
Africa on 14 October.
The proposed merger ratio represents a premium of approximately 29%
on the closing price.
Harmony said the proposed merger is driven by Harmony's pursuit of a
number of key strategic objectives, including creating significant value
through the application of the Harmony Way to generate cost efficiencies
from Gold Fields' South African assets, together with operational
synergies from Harmony's and Gold Fields' contiguous assets;
revitalising Gold Fields' assets within the Southern African Development
Community and accessing the value of Gold Fields' exploration portfolio.
