Gold Fields: northern Star Approach Fits Strategy After Rejection

Gold Fields said its approach to Northern Star Resources is consistent with its strategy. The statement follows Northern Star's rejection of a $27.2 billion takeover proposal. The bid offered 0.3125 Gold Fields shares plus A$7.25 cash per Northern Star share. Northern Star's board called the proposal opportunistic. Gold Fields remains open to dialogue but said there can be no certainty of further engagement.