As gold prices soar, these two miners are engaged in a hostile-takeover battle

From morningstar.com

Gold has climbed above $3,000 an ounce against a backdrop of geopolitical uncertainty Australian miner Gold Road Resources Ltd. said Monday it has rejected a hostile-takeover offer from South Africa-headquartered Gold Fields Ltd., saying the deal "is highly opportunistic in nature." Gold Fields (GFI) was offering to acquire Gold Road (AU:GOR) for A$3.05 ($1.92) per share in cash, split between A$2.27 a share plus a variable portion equal to the value of each shareholder's proportion of Gold Road's shareholding in De Grey Mining. The deal had a total enterprise value of A$2.4 billion and offered a 28% premium ... (full story)