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.

AngloGold bid for Normandy catches market hopping AngloGold bid for Normandy catches market hopping AngloGold bid for Normandy catches market hopping AngloGold bid for Normandy catches market hopping 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.

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