From Seekingalpha · The Bullionaire · · 40s
Gold Fields Share Price Under Pressure
Gold Fields' share price drops as Northern Star bid tests valuation.
In brief
Gold Fields' share price drops as Northern Star bid tests valuation. Gold Fields' share price fell to $37.09 after Northern Star's bid, which requires $1.9 billion in synergies to break even for shareholders. Originally reported by Seekingalpha.
Gold Fields Rating Downgraded
The Bullionaire moves Gold Fields from Buy to Hold at $37.09.
Northern Star Bid Value
The Northern Star offer is worth about A$24 a share.
Synergy Requirement
The bid needs roughly US$1.9 billion of synergies to break even for GFI holders.
Walk-Away Price
A$27 is the walk-away price for the Northern Star bid.
What to remember
Gold Fields' share price fell to $37.09 after Northern Star's bid, which requires $1.9 billion in synergies to break even for shareholders.
