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By Adam Whittaker

Gold Fields said it has made an offer to buy Australian miner Gold Road Resources in a $2.1 billion all-cash deal.

The South African gold miner said Monday that it has offered to buy all of Gold Road's issued shares for 3.05 Australian dollars a share.

Its offer is a 28% premium to Gold Road's closing share price on March 21 and gives the miner an equity value of 3.3 billion Australian dollars ($2.07 billion) , the miner said.

A spokesperson for Gold Road didn't immediately comment.

Gold Fields said that a previous approach made on March 7 also for 3.05 Australian dollar a share was rejected by Gold Road's board.

After rejecting the initial offer, Gold Road proposed to buy the remaining 50% stake of the joint venture in the Gruyere mine they have with Gold Fields. However, Gold Fields won't proceed with this proposal, it said Monday.

Monday's offer gives Gold Road an enterprise value of 2.4 billion Australian dollars.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

i hold GOR

PLEASE NOTE .. there is NO official ASX release on this currently ( on either of my trading platforms )

<blockquote data-quote="divs4ever" data-source="post: 1322662" data-attributes="member: 86149">By Adam WhittakerGold Fields said it has made an offer to buy Australian miner Gold Road Resources in a $2.1 billion all-cash deal.The South African gold miner said Monday that it has offered to buy all of Gold Road&#039;s issued shares for 3.05 Australian dollars a share.Its offer is a 28% premium to Gold Road&#039;s closing share price on March 21 and gives the miner an equity value of 3.3 billion Australian dollars ($2.07 billion) , the miner said.A spokesperson for Gold Road didn&#039;t immediately comment.Gold Fields said that a previous approach made on March 7 also for 3.05 Australian dollar a share was rejected by Gold Road&#039;s board.After rejecting the initial offer, Gold Road proposed to buy the remaining 50% stake of the joint venture in the Gruyere mine they have with Gold Fields. However, Gold Fields won&#039;t proceed with this proposal, it said Monday.Monday&#039;s offer gives Gold Road an enterprise value of 2.4 billion Australian dollars.Write to Adam Whittaker at <a href="mailto:adam.whittaker@wsj.com">adam.whittaker@wsj.com</a>(END) Dow Jones Newswires&nbsp;&nbsp;i hold GOR&nbsp;PLEASE NOTE ..&nbsp; there is NO official ASX release on this currently ( on either of my trading platforms )</blockquote>

[QUOTE="divs4ever, post: 1322662, member: 86149"] By Adam Whittaker Gold Fields said it has made an offer to buy Australian miner Gold Road Resources in a $2.1 billion all-cash deal. The South African gold miner said Monday that it has offered to buy all of Gold Road's issued shares for 3.05 Australian dollars a share. Its offer is a 28% premium to Gold Road's closing share price on March 21 and gives the miner an equity value of 3.3 billion Australian dollars ($2.07 billion) , the miner said. A spokesperson for Gold Road didn't immediately comment. Gold Fields said that a previous approach made on March 7 also for 3.05 Australian dollar a share was rejected by Gold Road's board. After rejecting the initial offer, Gold Road proposed to buy the remaining 50% stake of the joint venture in the Gruyere mine they have with Gold Fields. However, Gold Fields won't proceed with this proposal, it said Monday. Monday's offer gives Gold Road an enterprise value of 2.4 billion Australian dollars. Write to Adam Whittaker at [email]adam.whittaker@wsj.com[/email] (END) Dow Jones Newswires i hold GOR PLEASE NOTE .. there is NO official ASX release on this currently ( on either of my trading platforms ) [/QUOTE]

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