AngloGold makes $3.2 billion bid for Normandy

THE world's number one gold producer, South Africa's AngloGold, this morning launched a $3.2 billion scrip bid for Australia's biggest gold miner, Normandy Mining.

AngloGold is offering Normandy shareholders 2.15 AngloGold shares for each 100 Normandy shares.

The offer values Normandy at $3.2 billion ($1.

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