Gold Fields Limited Announces Merger With Yamaha Gold
<p><a href='https://financialmodelingprep.com/financial-summary/GFI'>Gold Fields Limited (NYSE:GFI) </a>shares dropped more than 16% since the company’s announced a merger with Yamana Gold Inc. (NYSE:AUY), which rose in price by around 13% since the announcement.</p>
<p>The merger will be through an all-share offer of 0.6 Gold Fields shares for each Yamana share, which valued the company at 6.7 billion at the time of the release – a 33.8% premium to the 10-day volume-weighted average price or an implied price of $6.94/share. </p>
<p>Analysts at Berenberg Bank believe that the transaction would entrench Gold Fields as a global gold mining business, with large-scale assets across the Americas in addition to its existing portfolio in Africa, Australia, and South America.</p>

NYSE:GFI