GFI Gold Fields Ltd.

$GFI ✅ shouldn’t be down this much for rejecting a deal. It’s overreacted. Great buy for this kind of discount. 🤷‍♂️

$GFI Northern Star rejected Gold Fields’ takeover proposal: A$38.7 billion (about $27.1B), the biggest potential Australian gold deal in years. The offer was paper-heavy: 0.3125 Gold Fields shares plus A$7.25 cash per Northern Star share. And it shrank while it sat on the table — worth A$27.00 per share when sent on Sept 14, down to A$25.19 Friday on Gold Fields’ own falling share price. That math is why the board said no. A 14% premium, when Australian takeovers typically need about 30% to get done. Chairman Michael Chaney called the bid “well short” of fundamental value and “highly opportunistic.” One more layer: Elliott pushed Northern Star to explore a sale to a rival like Gold Fields back in June. This was the answer. GFI fell 13% Monday. Northern Star rose 10.6% to A$24.46, still below the implied offer price.

$GFI The report shows a major shift in RMTG’s revenue mix. Training and product supplies accounted for roughly 82% of H1 2026 revenue, compared with roughly 56% in H1 2025.

$GFI: Gold Fields Limited (-13.5%) confirmed that Northern Star rejected further discussions on a proposed combination estimated to generate $4-5 billion in synergies.