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Gold Fields, Silver Standard withdraw offer for Kirkland Lake
By Vishaka George
Reuters
Friday, November 18, 2016
Gold Fields Ltd. and Silver Standard Resources Inc. withdrew their offer to buy Kirkland Lake Gold Inc. after the Canadian miner asked its shareholders to vote in favor of its takeover bid for Australia's Newmarket Gold Inc.
Kirkland had confirmed a Reuters report last week that South Africa's Gold Fields and Canada's Silver Standard had made three joint bids for the company and recently sweetened their offer to about C$1.4 billion ($1.04 billion).
Gold Fields said on Friday it would pursue negotiations with Kirkland if the miner's shareholders rejected the Newmarket transaction. ...
... For the remainder of the report:
http://uk.reuters.com/article/us-newmarket-gold-m-a-kirkland-lake-idUKKB...
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