CAPITAL MARKETS

AngloGold bid for Normandy catches market hopping

ANGLOGOLD'S $3.2 billion share offer for Australia's largest miner, Normandy Mining, caught markets watchers by surprise this morning, with many analysts skeptical about the scrip-based nature of the bid.

MiningNews.Net
AngloGold bid for Normandy catches market hopping

The world's biggest gold producer is offering Normandy shareholders 2.15 AngloGold shares (last traded at $65.50) for every 100 Normandy shares, valuing the Adelaide-based miner at $1.42 per share (a premium...

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