🔴 Gold Fields is trading at 14.7% down now at $34.45 in pre-market on September 28

Gold Fields is trading 14.7% down at $34.45 in pre-market on September 28 after Northern Star rejected its unsolicited A$38.7 billion takeover proposal.

• Northern Star said the offer materially undervalued its assets.
• Reuters reported the offer’s implied value had fallen from A$27.00 to A$25.19 per share, based on Gold Fields’ September 25 close.
• The offer combined 0.3125 new shares and A$7.25 cash per Northern Star share; Reuters reported Gold Fields had no immediate comment.