Normandy shares surge on takeover bid

NORMANDY Mining shares have jumped after AngloGold made a $3.2 billion takeover tilt for the gold miner, peaking yesterday at $1.42, equivalent to the South African major's offer price.

Normandy shares surge on takeover bid Normandy shares surge on takeover bid Normandy shares surge on takeover bid Normandy shares surge on takeover bid Normandy shares surge on takeover bid

Punters reacted favourably to the all-scrip bid with more than 35.6 million shares trading yesterday and another 12.6 million shares changing hands this morning.

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